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Great investment opportunity

R 16,000,000

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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Parking:Garage
Description
A great investment opportunity is now available in the sought-after Malvern area. The developer has created 12 x 3 bed, 2 baths, 2 parking units all with the exact layout and a generous apartment for himself on this property. This is a massive 3-bedroom apartment with excellent modern finishes. The complex is not sectionalised and has a great ROI for sectionalising and selling off the units individually or keep as is. The current rental yield is R100 000pm but not all units are currently occupied. The estimated rental income could be R1440 000pa. This is a must see for any consortium purchase or an individual looking to increase their property portfolio. This is one of 2 complexes for sale, the other being an 8-apartment complex in Umhlatuzana, Chatsworth.
Don't Delay to Call or WhatsApp me for more info regarding this rare deal.

Has Pool
Property Reference #: RL3682

Agent Details:
Gladys Nkomo
Maxprop Holdings (Pty) Ltd
98 Bulwer Road
Bulwer
Berea
4083

Id Subtitle 1283050336
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Estimated monthly repaymentR 173,394
Total property loan amountR 16,000,000
Total interestR 25,614,352
Total repaymentR 41,614,352
Interest rate at 11.75% for 20 years *
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Maxprop Holdings (Pty) Ltd
Selling for 7+ months
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