28 Bedroom House in Newton Park

This fully tenanted residential complex offers an outstanding opportunity for investors seeking strong, stable returns with minimal monthly expenses.

The property consists of 16 well-maintained units, including:

4 One-bedroom, one-bathroom units

12 Two-bedroom, one-bathroom units

Each unit features a spacious living area and a well-designed kitchen equipped with a built-in oven and hob, plus a dedicated space for a dishwasher. The bathrooms in all units include plumbing and space for a washing machine, ensuring convenience for tenants and adding to rental appeal.

All 16 units are currently tenanted, with rental insurance in place, providing added peace of mind and secure monthly income.

A key benefit is that the complex is owned by a single owner and is not sectionalised, meaning no levy payments. With only one municipal rates payment and one refuse payment for the entire complex, your monthly overheads are significantly reduced.

The property is held in a Closed Corporation CC, offering the option to purchase the CC directly, resulting in no transfer fees, which further enhances the investment value.

This is a rare opportunity to acquire a fully occupied, low-maintenance complex with excellent income potential. A perfect addition to any investment portfolio.

Please note, the photos are a representation of one unit.