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R9,000,000 | 616m² Apartment Block For Sale in Salt River

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18 Studio Apartments || Investment Opportunity

This prime investment opportunity offers 18 fully tenanted studio apartments, generating a stable monthly rental income of R90,000. With operating expenses at R20,000, the property nets a robust R70,000 per month, making it an attractive addition to any investment portfolio. The property boasts General Business 5 zoning, allowing for various redevelopment opportunities, ideal for investors looking to increase bulk and maximize returns. Situated in a desirable location with high demand for affordable rental properties, it ensures long-term tenant occupancy and rental growth potential. Whether you're a seasoned investor or new to the market, this offering combines immediate rental income with significant redevelopment possibilities, presenting a rare opportunity to enhance your portfolio with a property that promises both solid returns and future growth.

Features

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Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
616m²
Land Size
308m²
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