Commercial space in Olivedale

ASKING: R30 000 000-00

This exceptional investment opportunity set within five various complexes awaits an idyllic prospect to be snatched up. This portfolio consists of 32 fully tenanted, one-bedroom apartments, securing a steady income stream with 12-month leases already in place. Ideal for investors seeking to expand their investment portfolio.

All complexes offer a variety of lavishness, convenience and security.

Property Details:

Portfolio Composition 32 one-bedroom, one-bathroom apartments.

Size and Costs:

13 units measuring 42m - Waterfall (Levies: R632-45 COJ: R780-30 Effluent: R704-47)

5 units measuring 45m - Olivedale (Levies: R696-20 COJ: R580-36 Effluent: R704-47)

5 units measuring 48m - Greenstone (Levies: R612-53 COJ: R654-70 Effluent: R704-47)

5 units measuring 44m - Greenstone (Levies: R822-60 COJ: R544-46 Effluent: R704-47)

4 units measuring 44m - Greenstone (Levies: R1 092-78 COJ: R689-13 Effluent: R704-47)

MONTHLY RENTAL INCOME: Approx R270 000-00 MONTHLY COSTS: R67 590-68

About the Residences:

Guaranteeing an impeccable standard of comfort, security and style, each apartment in this portfolio offers a contemporary, open-plan design that delivers for all preferences of today''s classy individuals. Each sun-splashed apartment hosts elegant and polished finishes. The kitchens are equipped with three to date appliances, Caesar stone/granite counter tops all hosted in a setting finished with plush trimmings. The bedrooms serve as personal sanctuaries. Each apartment features its own balcony accompanied by remarkable and serene views.

Luxury Amenities:

Residents enjoy access to a variety of on-site amenities including:

In-house restaurants, swimming pools, well-equipped gyms, playcentres/jungle gyms, concierges, sports rooms, sports fields and laundromats. Some include on site Nursery Schools.

Location:

The complexes attest to modern architectural design. Residents benefit from the complexs proximity to key business hubs, shopping centres, and recreational venues, ensuring a lifestyle that''s both convenient and enjoyable.

Investment Potential:

With properties already fully tenanted, investors can immediately benefit from a return on investment, making this an ideal option for those looking to expand their property portfolio within highly sought-after locations.