Secure Apartment Complex for Sale – Prime Location Near Town Centre This well-maintained, gated apartment complex is ideally situated just minutes from the heart of town, making it a fantastic investment opportunity. Comprising eleven units, the complex is fully tenanted by long-term residents, ensuring consistent rental income. The current monthly rental income is approximately R43,350, with municipal rates of R12,429. Each spacious unit offers approximately 80 square meters of living space and includes two bedrooms, one bathroom with a shower-over-bath, a fully functional kitchen, a comfortable lounge area, and laundry facilities. Each apartment also comes with a designated carport for secure parking, and some units feature a private front garden along with an external laundry space. The complex is enclosed within a secure, walled, and fenced perimeter, accessible through an automated security gate and a well-maintained paved driveway, offering residents a safe and pristine living environment. A communal braai area provides a welcoming space for socialising and family gatherings, enhancing the sense of community. Additionally, there is an undeveloped area within the complex that presents further potential for development or expansion. Zoned for residential use, this property offers both immediate income and long-term growth potential. Don’t miss this excellent investment opportunity close to the town centre. Contact us today to arrange a viewing or to find out more.
Secure Apartment Complex for Sale – Prime Location Near Town Centre
This well-maintained, gated apartment complex is ideally situated just minutes from the heart of town, making it a fantastic investment opportunity. Comprising eleven units, the complex is fully tenanted by long-term residents, ensuring consistent rental income. The current monthly rental income is approximately R43,350, with municipal rates of R12,429.
Each spacious unit offers approximately 80 square meters of living space and includes two bedrooms, one bathroom with a shower-over-bath, a fully functional kitchen, a comfortable lounge area, and laundry facilities. Each apartment also comes with a designated carport for secure parking, and some units feature a private front garden along with an external laundry space.
The complex is enclosed within a secure, walled, and fenced perimeter, accessible through an automated security gate and a well-maintained paved driveway, offering residents a safe and pristine living environment. A communal braai area provides a welcoming space for socialising and family gatherings, enhancing the sense of community.
Additionally, there is an undeveloped area within the complex that presents further potential for development or expansion. Zoned for residential use, this property offers both immediate income and long-term growth potential.
Don’t miss this excellent investment opportunity close to the town centre. Contact us today to arrange a viewing or to find out more.