Forest Hill - JHB - MR340286

Apartment in Forest Hill - JHB, Johannesburg - South, Gauteng

R 1,825,000 Price Reduced

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19
17
990m2
Forest Hill - JHB - MR340286
Apartment in Forest Hill - JHB, Johannesburg - South, Gauteng
R 1,825,000
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Key Features

Rooms

  • 19 Bedrooms
  • 17 Bathrooms
  • Staff Room

Kitchen

  • Kitchen

External Features

  • Balcony

Lot Features

  • Fenced

More Features

  • Property Type - Apartment
  • Seller Type - Private Property
  • Erf Size - 990m2
  • Price per square erf meter - R1,843 per m2

MyRoof Stats

  • 282 Views
PID=340286 DID=359523 SID=1

PARTIALLY HIJACKED BUILDING - JACKPOT DEAL – ARE YOU BRAVE ENOUGH TO HIT THE JACKPOT? GOING FOR HALF PRICE! SEVENTEEN FLAT BUILDING – 2 X TWO BEDROOM FLATS | 6 X ONE BEDROOM | 9 X BACHELOR AT A BARGAIN WITH PLUS R50 000 RENTAL INCOME

Why to Buy?

• Great investment opportunity, great rental income
• Well located next to schools and JHB City - opposite Die Fakkel High
• Proposed rental plus R50 000 per month – additional growth opportunities
• Two spacious two bedroom flats with lounge and kitchen and bathroom
• Six spacious one bedroom flats with lounge and kitchen and bathroom
• Nine spacious bachelor flats with kitchen and bathroom
• Can be maximised for additional living units
• Includes parking area for four cars behind a locked gate and six on the outside pavement
• Safe and secure building with low maintenance

This building called Drakensburg in Carter Street, Forest Hill is close to schools and JHB City and consists of seventeen flats – two two bedroom flats, six one bedroom flats and nine bachelor flats.

An opportunity like this comes along once in a while, and this might be your once in a while. Our client is disposing of his portfolio of buildings in JHB South. This one, Drakensburg Court in Carter Street, Forest Hill is one of them, but one that is currently tenanted illegally in three or four of the flats I the building of seventeen flats. Our client doesn’t have the time and patience to deal with the legal eviction hereof and is ready to let it go at a huge discount to the right and seasoned investor.

The building enjoys a good tenant mix and is managed by DV Estates. There are no major arrears to the City of JHB and the owner will settle this account. It’s time to let this building go to the right owner at the right price. Become a landlord on a property with a potential 300% return! We are ideally looking for a buyer with a good deposit or cash on the table!

Worth seeing, worth owning! Give me a call today and let’s chat how to make this building yours!


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