422 m² Commercial space in Bellevue
Bellevue, Johannesburg Central, Gauteng
Lettable area read from the listing title — the lister did not state a figure. Confirm on inspection.
Listed by
Andrew Watson
Watson Properties
Details
Investor opportunity -Small block of residential flatsA very well maintained and managed residential block on the border of Observatory in Johannesburg - offering existing excellent current rental returns. This block of flats offers a potential investor opportunity of immediate returns.The block consists of 5 sectional title units which are currently let and yielding a monthly return of approximately R33 000 per month or about R 360 000 per annum gross income.There are 4 flats within the main structure and a 5th flat above the existing garages.Section flat units no 1 -3 in the main block consists of :-4 rooms within each flat- A communal bathroom and communal kitchen-Prepaid electricity configured to each section roomwithin a flat.- Section 1 R8900 rent per month in totalSection 2 R 7000 per month in totalSection 3 R 6400 per month in totalSize of each flat approximately 85 sqm eachSection flatunit no 4 have one tenant family R 5300 per monthSection 5 R 3195 per month which is also one family tenant and positioned above the garagesThe block has 2 garages and 2 covered carports.It is located on a quiet and neat neighborhood.For more information or a private viewing please call.5 sectional title apartments2 Garages and 2 carportsWell maintained and managed block of apartments in central locationInvestor opportunity to enter the marketElectricity is pre paid and water is meteredPet Friendly: Yes
Location
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