10 Bed Apartment in Florida

This building comprises 4 sectional title units, each measuring 81 m2, along with 4 garages and external ablutions, all situated on a 1500m2 plot. Two units are located on the ground floor, and two are on the first floor. There is ample room for expansion, with the current top structures positioned to one side of the property. The 4 garages have the potential to be converted into rooms with shared ablutions, which could be rented out for between R1800 and R2000 per month. When combined with the rental income from the 4 flats, this could generate a projected gross income of R28,000 per month for the building. Additionally, there is significant space available for container accommodation, providing further rental opportunities.

Located in the highly sought-after residential area of Florida, this property holds potential for additional development due to its high-density nature. For additional and detailed information, please don''t hesitate to contact us.