10 Bedroom Apartment in Fish Hoek

Block of 4 Flats

Great Investment Opportunity:

Lasca Flats, situated in Dalton Road in Fish Hoek is the perfect prope2rty for these investors who are looking to expand their portfolio, and the last time this property was on the market was in 1963. This block is not sectional titled and is owned by one owner.

The block consists of 4 flats on two levels. Two 2-bedroom, 1-bathroom units and two 3-bedroom, 1.5-bathroom units. There are four single garages cater to the parking needs of the tenants.

Each unit is tenanted with long term tenants, and all leases have just been extended for a further 12 months with options to renew again.

The property has an additional 4 storerooms and an outside toilet and shower these are in a state of disrepair and would need investment to bring them up to earning potential. Estimated cost of those renovations are R 175 000.

Do not delay, call Derron for a viewing.

Registered with the PPRA FFC No F143158.

This company operates in terms of a franchise agreement held with Property.CoZa.

Each office is independently owned and operated.

Candidate Property Professional:

Derron Swart Registered at the PPRA FFC: 1220983

Mentor Kim Fraser Registered at the PPRA FFC: 0083443