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Apartment block in Kloofendal, Roodepoort with 35 units, 1 garage, on 5485 m² land. Ideal investment opportunity.
Investors, Discover a Prime Opportunity in Kloofendal, Roodepoort!
Presenting a fantastic investment opportunity: an apartment block consisting of 35 apartments, ideally located in the sought-after suburb of Kloofendal, Roodepoort. This property promises substantial rental income and long-term growth potential.
Key Investment Highlights:
Location, Location, Location: Situated close to the bustling Clearwater Mall Shopping Centre and with easy access to Roodepoort and Randburg, this apartment block is positioned in a high-demand rental area, ensuring a steady stream of potential tenants.
Stable Rental Income: With 35 apartments available, investors can expect a consistent and reliable rental income. The existing demand for rental properties in this well-established neighborhood adds to the attractiveness of this investment.
Appealing Amenities: The property features large communal gardens, offering tenants a tranquil and pleasant environment to relax and unwind. Lock-up garages provide secure parking, adding to the convenience and appeal for renters.
Value-Add Potential: While the apartment interiors are not modern, this presents an excellent opportunity for investors to add value through renovations and updates. Enhancing the interiors can significantly increase rental yields and overall property value.
Strong Rental Market: The proximity to major shopping centers, business hubs, and recreational facilities makes this property an attractive choice for a wide range of tenants, from young professionals to small families.
Why Invest Here?
High Occupancy Rates: The prime location and desirable amenities ensure high occupancy rates, maximizing your rental income.
Easy Management: The well-maintained communal areas and secure parking facilities make property management straightforward, allowing for a hassle-free investment.
Seize this exceptional investment opportunity in Kloofendal, Roodepoort. Contact us today to learn more about this property and how it can enhance your investment portfolio. Secure your future with a reliable and profitable asset!
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R15,500,000
Price reduced by 9.7% to R14,000,000
Kloofendal is a tranquil, nature-focused residential suburb in Roodepoort that offers a peaceful escape with its iconic ecological reserve while remaining conveniently close to essential urban amenities.
* Distances and amenities are approximate.
