A Goldmine Investment in the Heart of the Institutional Hub
Secure a powerhouse asset in a high-demand precinct. This 18-unit apartment block is perfectly positioned for longevity, situated within close proximity to UNISA, Capricorn College for TVET, the Court, and various Government institutions. This prime location ensures the property remains a landmark for professional and student accommodation.
The Financials:
Monthly Income: R107,000.00 (Single-tenant lease)
Growth: 10% fixed annual escalation.
Low Expenses: Rates & Taxes at R6,000.00; all units have individual prepaid meters.
Tax Note: The seller is not a VAT vendor; standard Transfer Duty applies.
The Units & Amenities:
The block is composed of 18 versatile units (12x 2-bed, 3x 3-bed, and 3x 1-bed) all including stoves. Residents enjoy excellent communal facilities, including:
Underroof Entertainment Area: Perfect for social gatherings.
On-site Laundry & Office: Added convenience for management and tenants.
Top-Tier Security:
Peace of mind is built-in. The perimeter is fully secured with palisade fencing and an electric fence. Access is strictly controlled via two vehicle gates and a dedicated pedestrian gate, making it one of the most secure options in the area.
