422 m² Commercial space in Bellevue

Investor opportunity -Small block of residential flats

A very well maintained and managed residential block on the border of Observatory in Johannesburg - offering existing excellent current rental returns. This block of flats offers a potential investor opportunity of immediate returns.

The block consists of 5 sectional title units which are currently let and yielding a monthly return of approximately R33 000 per month or about R 360 000 per annum gross income.

There are 4 flats within the main structure and a 5th flat above the existing garages.

Section flat units no 1 -3 in the main block consists of :

-4 rooms within each flat

- A communal bathroom and communal kitchen

-Prepaid electricity configured to each section room

within a flat.

- Section 1 R8900 rent per month in total

Section 2 R 7000 per month in total

Section 3 R 6400 per month in total

Size of each flat approximately 85 sqm each

Section flatunit no 4 have one tenant family R 5300 per month

Section 5 R 3195 per month which is also one family tenant and positioned above the garages

The block has 2 garages and 2 covered carports.

It is located on a quiet and neat neighborhood.

For more information or a private viewing please call.

5 sectional title apartments

2 Garages and 2 carports

Well maintained and managed block of apartments in central location

Investor opportunity to enter the market

Electricity is pre paid and water is metered

Pet Friendly: Yes