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R 7 500 000 (363 196 EUR*)

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Residential
Freehold
Sole
8
8
4
± 595 m2
R 1800  / m

Property Features
Access Gate
Electric Fencing
Fence
Flatlet

Maitland One Owner Apartment Block for Sale

Meggar Property Brokers are pleased to present this great investment opportunity to Investors.
Property is leased mainly to corporate companies, Students with short-term leases.
2 Story block, Semi furnished. ( i.e Beds, desks etc...)
four x 3 bed apartments - 6 sleeper
Two x 2 bed apartments - 5 sleeper
Two x studio apartments - 2 sleeper
Wendy house - 3 bedroom
Entertainment area

  • *Pre-paid Electricity and water meters in apartments 1-6
  • hot water supply via general geyser
  • *Studio apartment + unit 7 -8 billed per usage - hot water
  • supply via gas geyser.
  • * Fingerprint reader with turnstile
  • * Electric Fencing
  • * +/- 4 parking bays
  • * Potential rental per bed is R 2200 pm x 38 beds
  • estimate monthly income = R 83 600
  • Situated close to public transport and all major freeways. ( M5, N1 and N2.)


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