Commercial Block of flats For Sale in Ladismith

INVESTMENT OPPORTUNITY – INCOME-GENERATING RESIDENTIAL PROPERTY

INVESTMENT OPPORTUNITY – INCOME-GENERATING RESIDENTIAL PROPERTY

An excellent opportunity for the investor looking to acquire an established residential rental property with multiple income-producing units and existing tenants.

Previously known as the Kattehotel, the HISTORIC property comprises five separate residential units, offering a good mix of accommodation and creating a diversified rental-income stream from a single investment property.

This is a gorgeous historical property and renovations needs to be done with this in mind and in conjunction with the historical society.

PROPERTY CONFIGURATION

The accommodation consists of:

Unit 1: One bedroom, open-plan kitchen and living area, bathroom

Unit 2: Two bedrooms, living room, kitchen and bathroom

Unit 3: Two bedrooms, open-plan living room and kitchen, bathroom

Unit 4: Three bedrooms, living room, kitchen and bathroom

Bachelor unit: One room with bathroom

The property is therefore particularly attractive to an investor seeking an existing multi-unit residential investment rather than a single-tenanted property.

ESTABLISHED TENANCIES

A major advantage is that the property already has formal lease agreements in place. The current leases have varying expiry dates extending from September 2026 through to May 2027, providing the purchaser with an established tenant base while allowing leases to be reviewed individually as they reach expiry.

Rental administration is currently professionally managed, including the collection of rentals and administration of the units. Municipal costs are apportioned between the five units, with each tenant responsible for an equal share, according to the information supplied by the managing office.

WHY THIS PROPERTY DESERVES AN INVESTOR`S ATTENTION

With five individual rental units on one property, an established rental history and existing lease agreements, this is an opportunity to acquire a ready-made residential rental portfolio under one roof.

The combination of one-, two- and three-bedroom accommodation broadens the property`s appeal to different tenant profiles, while multiple units reduce reliance on the income of a single tenant.

For an investor looking for an established income-generating property with professional rental management already in place, the Kattehotel presents an opportunity well worth considering.

Full rental schedules, lease information and supporting documentation are available to serious prospective purchasers on request.