10 Bedroom Apartment in Kensington

R 2 995 000

Keith de Graaf

De Graaf Properties

10 Bedroom Apartment in Kensington

R 2 995 000

83 ventura street
Can I afford this?
10 Beds
5 Baths
Land Area 397 m²
Rates R 1632

LOOKING FOR AN ABOVE AVERAGE YIELD ON YOUR INVESTMENT PLUS CAPITAL GROWTH? THIS IS IT!!!

The property's existing use is flats and retail and offers 4 separate living units as well as a convenience store with accommodation. The building has been recently painted with new aluminium windows fitted and the living units have been refurbished.

There are existing short term leases in place which is outsourced to a rental agent. Each unit has its own prepaid electricity meter and a water consumption meter for accurate apportionment. Gross monthly rental is currently R28,900 and the monthly rates are +-R1,700.

The accommodation is as follows:-

UNIT 1 R9 900pm : Comprises of a retail shop with store room two bedrooms and a bathroom and enclosed court yard.

UNIT 2 R6 000pm : Comprises of 2 bedroom flat, bathroom, kitchen , lounge plus large balcony.

UNIT 3 R4 400pm : Comprises of 2 bedrooms, bathroom, open plan kitchen and lounge.

UNIT 4 R4 400pm : Comprises of 2 bedrooms, bathroom, open plan kitchen and lounge.

UNIT 5 R4 200pm : Comprises of a studio apartment with open plan kitchen and bathroom.

Conveniently situated within walking distance to Century City Station. GB1 zoned.

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Key Property Features

10
Bedrooms
5
Bathrooms
2
Covered Parkings
4
Lounges
Kitchen

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Experience Parow and Goodwood

The area between Parow and Goodwood is lush and mountainous, with majestic views of the surrounding mountain range and the ocean. This neighbourhood combines the beauty of the Western Cape, with small town living. However, Cape Town is just a stone's throw away, for those who occasionally enjoy the offerings of a big city, or for an easy work commute. The lifestyle in this area is laid back and relaxed, with a friendly community.

Mountain view in Parow and Goodwood
View of a lake and park in Parow and Goodwood
Find out more about Parow and Goodwood

10 Bedroom Apartment in Kensington

R 2 995 000

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