Apartment for sale
Hands-off investment lifestyle in Sidwell's industrial hub, fully managed by Only Realty since 2016; six 2-bedroom duplexes, turnkey passive income and 10.11% cap rate.
SOLE MANDATE
The building generates a passive income and it's fully managed by Only Realty since 2016. Turnkey investment
6 x 2-bedroom duplex, 1 bathroom, 1 kitchen and 1 lounge + secure parking measuring 80m2/each
The building location in the industrial area of Sidwell is ideal for accommodating tenants working in the factory surrounding the property
Every apartment is fitted with a prepaid electricity meter
The current zoning is Res3
The section can be purchase individually to save R71 200 in transfer duty.
Asking Price is R2 550 000
The building is fully let and is generating R30 740 in rental per month + R2960 in water/refuse recovery
The monthly expenses are R12 214.63
The net monthly income is R21 485.27
Cape Rate of 10.11%
Please note the SS Lustig is currently managed by Only Realty and there is no levy payable (Only rates and taxes)
Call us today to discuss all options available and secure a private viewing.
“The information provided is believed to be true and correct but does not form part of any agreement”
Listed for sale at R2,550,000
Limited comparable data
We found only 2 similar-sized active homes in Gqeberha — not enough for a fair price comparison.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Sidwell is a centrally located, established industrial and residential suburb in Gqeberha that offers convenient access to major transport routes and essential amenities for working professionals and families.
