Commercial space in Dawnview
Presenting a fantastic opportunity to own a well-positioned block of 8 flats, offering an excellent return on investment in a sought-after neighborhood. This property includes 4 spacious 2-bedroom flats and 4 convenient bachelor flats, all currently fully let and generating a steady monthly income of approximately R33,000.
Property Features:
Total Flats: 8
4 x 2-Bedroom Flats
4 x Bachelor Flats
Current Income: Approximately R33,000 per month, reflecting a solid and reliable revenue stream.
Parking: Undercover parking for 8 cars, ensuring convenience and protection from the elements for all tenants.
Occupancy: Fully let, showcasing the high demand and attractiveness of the flats.
Potential for Upgrades: While the flats are in good condition, they could benefit from some modernization, offering potential for value addition and increased rental income.
Location: Situated in a lovely area, the property enjoys proximity to essential amenities, schools, and easy access to highways, making it highly appealing to a wide range of tenants.
Investment Highlights:
Steady Income: The current rental income of R33,000 per month ensures a quick return on investment.
High Demand: Fully occupied flats indicate a strong rental market in the area.
Value-Add Potential: Opportunity to increase rental income through strategic upgrades and improvements.
Prime Location: Located in a desirable and well-connected neighborhood, enhancing tenant retention and property value.
All units have pre paid electricity.
Conclusion:
This block of 8 flats is an outstanding investment opportunity for discerning buyers looking to expand their portfolio with a high-income property in a prime location. The combination of fully let flats, steady income, and the potential for value addition through upgrades makes this an attractive proposition.
Call to Action:
Don''t miss out on this exceptional opportunity. For more details or to arrange a viewing, please contact us today. Secure your investment in a thriving rental market and benefit from immediate income generation and long-term growth.
Act now to secure this excellent investment opportunity!
Property details
- Listing number T4683421
- Property type Commercial
- Rates and taxes R 3 120
Property features
- Bedrooms 12
- Bathrooms 8
- Open Parkings 8