2 Bedroom Apartment in Maitland

Rare investment opportunity to acquire three by two-bedroom, one-bathroom apartments within a secure, access-controlled complex featuring 24-hour manned security.

Each unit includes one dedicated parking bay within the secure complex and is individually metered with prepaid electricity and prepaid water, ensuring simple utility management and reduced operational risk. The presence of 24-hour manned access control significantly enhances tenant retention and long-term asset security.

All five units are currently tenanted, offering immediate, uninterrupted rental income from acquisition. The apartments are well maintained and continue to attract consistent tenant demand.

The flats are located close to schools, shopping centers, and major transport routes, with the CBD approximately 20 minutes away, making them attractive to both long-term tenants and future owner-occupiers. This location, combined with strong security and efficient cost control, supports solid long-term capital growth and income stability.

Below is a detailed breakdown per unit, outlining purchase price, monthly rental income, operating costs, and lease expiry dates:

| Unit | Price | Rent Month | Levies Month | Rates Month | Contract Expiry |

| -------- | ------------- | ------------------ | -------------------- | ------------------- | -------------------- |

| Unit 1 | R685,000 | R8,200 | R2,030.55 | R150.00 | 30 Apr 2026 |

| Unit 2 | R685,000 | R8,200 | R2,030.55 | R180.00 | 30 Apr 2026 |

| Unit 3 | R685,000 | R8,000 | R1,845.05 | R150.00 | 31 Jan 2026 |

Total for all Three units: R2 160 000

This portfolio is ideally suited to investors seeking secure, income-producing residential assets with established tenancies, predictable expenses, and strong location fundamentals.

Further financial details and viewings available by appointment.