174 m² Commercial space in Morningside
[removed] Prime Investment Opportunity [removed] Fully Let Block of Flats in Morningside [removed]
An exceptional income-generating property in the heart of Morningside, offering high rental returns and long-term investment security.
Financial Overview:
Monthly Rental Income: R162,500
Annual Rental Income: R1,950,000
Fully Tenanted A lucrative and stable asset.
Property Features:
25 Fully Equipped Units Each designed to accommodate 4 occupants, making it ideal for student or tenant accommodation.
Each Unit Includes:
Fully Fitted Kitchen Modern appliances for convenience.
Toilet & Shower Sleek and contemporary finishes.
4 Single Beds Maximizing space efficiency.
Porcelain Tiles Elegant and low-maintenance flooring.
Fridge & Microwave Essential amenities for tenants.
Modern Amenities & Security:
Capacity for 100 Tenants Ideal for student housing or shared accommodation.
CCTV & WiFi Ensuring security and seamless connectivity.
On-Site Parking Space for 12 vehicles.
Commercial Spaces Includes a salon & massage studio on the ground floor
PRICE EXCLUDES VAT
Property details
- Listing number T4971842
- Property type Commercial
- Listing date 20 Feb 2025
- Land size 1 074 m²
- Floor size 174 m²
Property features
- Open parking 12