11 Bedroom Cluster in Somerset East

R 1 690 000

Pikkie Louw

Pam Golding Properties-Somerset East

11 Bedroom Cluster in Somerset East

R 1 690 000

Can I afford this?
11 Beds
6 Baths
4 Garages
Floor Area 594 m²
Land Area 2845 m²

SIX FLAT, WELL ESTABLISHED COMMERCIAL PROPERTY FOR SALE IN SOMERSET EAST. Well established rental business with six flats for sale.This property, on a 2845sq m plot, is for sale as a going concern and nestled against the backdrop of the beautiful Boschberg mountain, in a popular and peaceful residential area of this town.

The property consists of six flats with a 100% tenancy over the last two and a half years.

Three of the flats are north facing with each 2 bedrooms (with built in cupboards), bathroom and open plan living-/dining room/kitchen. Two of these flats have a verandah in front and at the back.

The other three flats are west facing and two of these flats have 2 bedrooms (with built in cupboards), bathroom and open plan living-/dining room/kitchen. The other flat is loose standing and has 1 bedroom (with built in cupboards), en suite bathroom and open plan living-/dining room/kitchen.

The size of the two north facing flats is approximately 168sq m each and the other flat 168sq m. The size of the two west facing flats is approximately 90sq m each and the loose standing flat 60sq m.

There are 4 single garages available for the tenants.

The rent escalates 10% yearly.

Gross income for 2015/16: R173 178

Rates and Taxes for the year 2015/16: R4 014

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Key Property Features

11
Bedrooms
6
Bathrooms
1
En-suite
4
Garages
6
Lounges
Kitchen
Satellite
Tv

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11 Bedroom Cluster in Somerset East

R 1 690 000

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