Secure a lucrative investment with this exceptional offering of 18 duplex 3-bedroom townhouses, each featuring 2 bathrooms. This well-maintained complex in Annadale is ideal for investors seeking reliable income and long-term value.
Property Highlights:
-Unit Details: Each townhouse includes spacious lounge and kitchen areas, plus generous loft space.
- Parking: Dedicated car parking for residents.
- Upgrades: 4 units recently upgraded, offering modern and appealing living spaces.
- Lease Information: 14 out of 18 units currently leased, generating a monthly rental income of R91,000 (R6,500 per unit). With a potential monthly income of R117 000.00 once all the units are rented out.
Investment Benefits:
- Stable Income: Enjoy a steady income stream from the existing lease agreements.
- Upgraded Units: Immediate value added with 4 recently upgraded units.
- Prepaid Utilities: Individual Prepaid electricity and water meters simplify management for both tenants and landlord.
- Enhanced Security: Controlled access with a sliding, electric fence with phone activation.
- Prime Location: Situated in a sought-after area of Annadale, close to schools, shopping centers, and other amenities.
Additional Details:
- Sectional Title: Sectional title register available for your review.
- Future Potential: Benefit from the high demand for quality rental properties in this location.
Why Invest?
This property offers a solid investment with immediate income and security, making it an attractive option for those looking to capitalize on a well-located and professionally managed residential complex.
Contact us today to explore this exciting investment opportunity further!
