900m² Apartment Block For Sale in Richmond Hill
R3,949,500
Web Ref No ORC455
RICHMOND HILL APARTMENT BLOCK FOR SALE
CALLING ALL INVESTORS:
THE PROPERTY CONSISTS OF THE FOLLOWING:
Fully tenanted - next to the Provincial Hospital
9 apartments consisting of 6 x 3 beds, 2 x 2 bed and a bachelor apartment.
All units are well maintained with prepaid electricity meters & prepaid water meters
The building has been fitted with aluminium windows. The building has been recently painted.
Remote gate access to garaging and off street parking.
The building is zoned RES 3 and not sectional title units.
Monthly Rental Income: R48 000
Monthly Expenses: R18 487
Monthly Net Income: R29 513
Yearly Net Income: R354 161
ROI: 9%
R3 949 500.00 (NEGOTIABLE)
THE PROPERTY CONSISTS OF THE FOLLOWING:
Fully tenanted - next to the Provincial Hospital
9 apartments consisting of 6 x 3 beds, 2 x 2 bed and a bachelor apartment.
All units are well maintained with prepaid electricity meters & prepaid water meters
The building has been fitted with aluminium windows. The building has been recently painted.
Remote gate access to garaging and off street parking.
The building is zoned RES 3 and not sectional title units.
Monthly Rental Income: R48 000
Monthly Expenses: R18 487
Monthly Net Income: R29 513
Yearly Net Income: R354 161
ROI: 9%
R3 949 500.00 (NEGOTIABLE)
Features
Zoning Commercial
Monthly Rates R4,500.00pm Excl. VAT
Floor Size 900m²
Land Size 990m²
Monthly Rates R4,500.00pm Excl. VAT
Floor Size 900m²
Land Size 990m²
Broker Contact Details
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