An excellent investment. 100% tenancy on short term leases.
3 floor building in good condition offers:
Ground floor - retail shops with ablutions - current tenant has been there for 20 years plus
Ground floor - 26 rooms of varied sizes and one bachelor flat accomodating 39 tenants
First and second Floors - 10 varied sized flats accommodating 27 people per floor
total building accommodates 93 tenants and there is a room for the caretaker.
rates = R8825,25
There are 20 parking within the grounds
Each flat has its own kitchen and bathroom
Ground floor rooms have several shared kitchens, toilets and showers
Building is well managed and fully tenanted making it an excellent investment.
Caretaker lives on the property.
Flats have separate meters.
Building comprises of 11 sectional title units owned by one owner
No levies.
Key Property Features
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