R4 195 000
Monthly Bond Payment: R
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1000m2
Commercial Property in Alberton North For Sale
38 Second Avenue
895m2
1000m2
Commercial Property in Alberton North For Sale
38 Second, Avenue
Features
- Covered Parkings 12
- Open Parkings 3
- Access Gate
Description
**CALLING ALL SERIOUS INVESTORS**
Great potential for extra income or even a paycheck at the end of every month. This established block of flats might be what you have been looking for and at a great price.
The block of flats consists of:
9 Units in total with approved plans for an extra 4 units
3 x 3 Spacious Bedrooms, 1 bathroom & Kitchen
3 x 2 Spacious Bedrooms, 1 bathroom & Kitchen
3 x 1 Spacious Bedroom, 1 bathroom & Kitchen
Approved plans are for the below:
2 x 1 bedroom, 1 bathroom & Kitchen
2 x 2 bedrooms, 1 bathroom & Kitchen
Each unit comes with an undercover parking. There is a total of 12 undercover parking bays and 3 visitors parking. The units, each have their own electricity meter box and there is space to add more if you decide to go ahead with the extra four units.
There are currently tenants in 8 of the units. Some of the tenants have been there for 11,8,4 & 3 years.
Current Rental Income at the moment:
3 Bedrooms - R4 695.00 plus electricity, rates & taxes
2 Bedrooms - R4 120.00 plus electricity, rates & taxes
1 Bedroom - R3 500.00 plus electricity, rates & taxes
(Please note that the rental charged currently is not in line with the going rental rate at the moment, it should be more-the seller has not increased the monthly rentals accordingly)
Low maintenance block of flats, solid old school building, which is still the best, in the popular suburb of Alberton North. Close to schools, hospitals, clinics, shops etc.
Please note: This is not a sectional title building. Financials are up to date and available on request.
!!AN OPPORTUNITY NOT TO BE MISSED, SO CALL TODAY, LETS VIEW AND DISCUSS!!
Monthly Costs
Calculated over 20 years at % with no deposit.
| Bond Payments | R |
| Mun. Rates & Taxes | ZAR 11,000 |
Property Details
| Web Ref | RXCS-5600 |
| Property Type | Commercial Property |
| Building Size | 895m2 |
| Erf Size | 1000m2 |
Map
Contact Agent
Herman Kotze
Sales Associate
RE/MAX Finest (Alberton)
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R4 195 000
Monthly Bond Payment: R
currency
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Contact Agent
Book a viewing