GENERATING R420,000 P/A
The property consists of 11 separate apartments ranging in size.
2 × 24m² Apartment:
Currently being rented @ R 2,500
6× 30m² Apartment:
Currently being rented @ R 3,000
3 × 40m² Apartment:
Currently being rented @ R4,000
Currently 10 Apartments are occupied bringing in a rental income of R32,000.
1× 30m² Apartment is not occupied which brings in R3,000.
All the apartments are equipped with en-suite bathrooms and kitchens.
All the apartments have separate prepaid electricity meters.
Water consumption is divided by the tenants.
There are 5 geysers installed throughout the property.
The property is situated in the heart of Primrose, close to all amenities and en-route to public transport.
The property offers ample parking for all the tenants and is very secure with a high perimeter wall and electric gates.
All the tenants are happy staying at the property and would be prepared to sign new leases with the new purchasers.
ESTATE LATE - MASTER REFERENCE: 011577/2020