R 9 000 000
calculate bond costs

616 m² Commercial space in Salt River

308 m² 616 m²

18 Studio Apartments [removed] Investment Opportunity

This prime investment opportunity offers 18 fully tenanted studio apartments, generating a stable monthly rental income of R90,000. With operating expenses at R20,000, the property nets a robust R70,000 per month, making it an attractive addition to any investment portfolio. The property boasts General Business 5 zoning, allowing for various redevelopment opportunities, ideal for investors looking to increase bulk and maximize returns. Situated in a desirable location with high demand for affordable rental properties, it ensures long-term tenant occupancy and rental growth potential. Whether you''re a seasoned investor or new to the market, this offering combines immediate rental income with significant redevelopment possibilities, presenting a rare opportunity to enhance your portfolio with a property that promises both solid returns and future growth.

Property details

  • Listing number T4684267
  • Property type Commercial
  • Listing date 24 Jun 2024
  • Land size 308 m²
  • Floor size 616 m²
  • Rates and taxes R 20 000

Photo gallery