R4,995,000 | 648m² Apartment Block For Sale in Richmond Hill

SOLE MANDATE
2 x Shops on ground floor
8 x Bachelor flats on the first floor
6 x additional Bachelor flats at the back
Secure parking for 6 vehicles
The current zoning is Business 2

The building has immense potential for the experienced investor
The property is registered with NSFAS as an accredited student accommodation for 24 students
The potential income is as follows
20 double beds @ R 4235.43 = R84 708.60
4 single beds @ R 4458.35 = R17 833.40
Retail rental income R 15 386.25
Total R117 928.25

If obtaining a deposit or a loan proves to be challenging, there is an option to purchase the existing company that owns the building to save transfer cost and transfer duty and take over the existing loan with TUHF.

Call us today to discuss all options available and secure a private viewing.

“The information provided is believed to be true and correct but does not form part of any agreement”