Fantastic investment opportunity block located close to the beach. Consisting of 9 luxury apartments generating a passive income with long term tenants.
4 ground floor apartments 58 sqm each, 2 bedrooms, 2 bathrooms with garden areas.
3 upstairs apartments with mezzanine area 74 sqm each, 2 bedroom, 2 bathroom with small balconies.
1 upstairs apartment with mezzanine area 90 sqm, 3 bedroom, 3 bathrooms with balconies/ braai area.
1 upstairs apartment with mezzanine area 165 sqm, 3 bedroom, 2 bathrooms with large balcony and pool area.
6 garages, 1 bin room, 1 geyser room, 1 electrical room, 1 store room, drying yard, an entertainment/braai area, 10 parking bays and 2 visitors bays.
Rental Income:
No.1 R12,000-00 pm
No.2 R12,000-00 pm
No.3 R12,500-00 pm
No.4 R11,500-00 pm
No.5 R15,000-00 pm
No.6 R13,500-00 pm
No.7 R12,500-00 pm
No.8 R13,500-00 pm
No.9 R17,000-00 pm
TOTAL R119,500 pm
Monthly accounts: (varies each month)
Eskom around R8,500-00
Rates and water around R8,500-00
Recoveries from tenants via Ideal Pre-Paid:
Electricity R8,500-00
Water R5,500-00
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