HIGH-YIELD MULTI-LET BLOCK – WINDERMERE / MAITLAND
Asking Price: R3,500,000 (Cash / Pre-Approved Buyers Only)
Current Gross Cash Flow: R50,000 / month (R600,000 [hidden])
Current Gross Yield: [hidden]
Plot Size: 593 m² Erf
Investment Profile
• Immediate High Cash Flow: R50,000 monthly income generated across a multi-tenant footprint, providing instant portfolio cash-flow from Day 1.
• Massive Value-Add & Rental Upside: Rents are currently held substantially below market rates. Bringing leases in line with local Maitland/Windermere averages projects monthly collections to R75,000+ (pushing gross yield over 25%).
• Diversified Risk: Split across two floors into 11+ distinct tenancies (including multi-bedroom layouts and individual units), ensuring default by one tenant does not disrupt total returns.
• Capital Appreciation Opportunity: The building requires cosmetic TLC—ideal for hands-on investors looking to add physical equity through systematic upgrades while maintaining cash flow.
Buyer Requirements & Terms
• Target Buyer: Suited for private syndicates, cash buyers, or investors with flexible asset-backed facilities.
• Financials: Sold on an active cash-collection rent roll (detailed tenancy schedule available to vetted buyers upon signing an NDA).
• Condition: Sold As-Is ("Voetstoots").
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