Introducing a stellar investment in the heart of Berea, Johannesburg - an exceptional apartment block strategically positioned just 2 blocks up from Louis Botha Avenue. This promising property offers a total of 55 newly refurbished units, presenting a lucrative blend of easy-maintainence and prime location.
Each unit boasts simplistic design, featuring open-plan studios with built-in cupboards, separate bathrooms, and well-appointed kitchens. The variety extends to the outdoor spaces, with some units showcasing delightful balconies, while others provide enclosed comfort. The property also includes 16 garages, ensuring convenience and security for residents who would like one.
One of the standout features of this investment is the use of heat pumps to supply hot water throughout the building, emphasizing a commitment to energy efficiency.
Key Investment Metrics:
-Average Rental: R4500 per unit (excluding pay-as-you-go electricity)
-Yield: A robust 14%, factoring in a 5% vacancy rate
-Asking Price: R13,000,000.00
- Located on 3 separate erfs of 495sq.m. each
This property is not just a collection of units it''s a strategic investment offering a remarkable 14% yield, showcasing its potential for substantial returns. The prime location, combined with the contemporary refurbishments, makes this apartment block a compelling choice for investors seeking both immediate returns and long-term growth.
Seize this opportunity to own a slice of Johannesburg''s burgeoning real estate market. Contact us today to schedule a viewing and explore the immense potential that this excellent investment holds. Don''t miss out on this chance to elevate your property portfolio and secure a stake in the future of Berea
Key Property Features
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