10 Bedroom House in Kensington

R 3 400 000

Emile Ferreira

Coastal Property Group-Cape Town

Michelle Grignard

Coastal Property Group-Cape Town

10 Bedroom House in Kensington

R 3 400 000

Can I afford this?
10 Beds
5 Baths
Land Area 397 m²
Rates R 1400

Get bang for your buck with this investment opportunity. An entire freestanding property comprising of 1 convenience store and 5 apartments with the possibility of building on more. The current rental yield in total is as follows: a shop with store room two bedrooms and a bathroom and enclosed court yard rental R9900 and two flats that each have two bedrooms, bathroom, kitchen and lounge rental R4400 each. One studio flat R3500. One large three bedroom flat R5500. All units have prepaid water and electricity units. The total income at present is R27 700 equaling a gross year 1 return of just under 10% at the asking price. The apartments have been recently renovated and rentals in the area are in high demand! Contact for a viewing today!

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Key Property Features

10
Bedrooms
5
Bathrooms
5
Lounges
BIC
Kitchen

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Emile Ferreira

Emile

Ferreira

Michelle Grignard

Michelle

Grignard

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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 House in Kensington

R 3 400 000

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