Commercial Property in Primrose For Sale

PRIME INVESTMENT OPPORTUNITY | FULLY TENANTED BLOCK OF FLATS IN PRIMROSE | INCOME GENERATING MONTHLY RENTAL INCOME R42 700.00

Why to Buy?

- Fully tenanted block of flats
- Total of ten apartments and one separate flatlet
- Current monthly rental income R42,700.00
- Each apartment includes one bedroom, 1 bathroom a kitchen and a lounge
- Prepaid electricity meters in each apartment
- Eight dedicated parking spaces
- Erf size: 737m2
- Located in Suburban Primrose, Germiston

Presenting an exceptional investment opportunity, this fully tenanted block of flats is strategically located in the established suburban area of Primrose, Germiston. Boasting a robust current monthly rental income of R42,700.00, this property offers immediate returns for discerning investors seeking a stable and lucrative asset.

The complex comprises ten well-maintained apartments, thoughtfully distributed with five units on the ground floor and five on the first floor. Each apartment is designed for comfortable living, featuring one bedroom, a private bathroom, a functional kitchen, and a lounge area. A significant advantage for both tenants and landlords, every apartment is equipped with individual prepaid electricity meters, ensuring efficient utility management.

Adding further value and income potential, the property includes a separate flatlet, bringing the total number of rentable units to eleven. This dual-living arrangement enhances the property's appeal and flexibility. Situated on a generous 737sqm erf, the property also provides eight dedicated parking spaces, a crucial amenity in any residential development. This offering represents a compelling acquisition for those looking to expand their property portfolio with a high-performing asset.

We invite serious investors to arrange a private viewing to fully appreciate the potential of this outstanding commercial sale.

It's an opportunity not to be missed. Contact me for viewing!

E & OE