R5,290,000
Commercial property for sale in Lenasia south
This investment property is a lucrative opportunity for any savvy investor looking for a steady income stream. With 12 exclusive apartments, each boasting 110sqm of space, this property offers a total of 24 spacious bedrooms, making it an attractive option for tenants seeking comfortable living arrangements.
Each apartment consists of 2 large bedrooms with built-in cupboards, an open-plan lounge, dining area, and kitchen, providing residents with modern and convenient living spaces. Additionally, with a large bathroom featuring a shower in each unit, tenants can enjoy privacy and convenience.
The property is fully occupied, ensuring a consistent rental income stream. Moreover, the presence of a full-time night patrolling security guard and caretaker on-site enhances the safety and maintenance of the property, providing peace of mind for both tenants and the property owner.
Furthermore, the property offers 28 parking spaces, a valuable feature for tenants with vehicles. Additionally, the presence of a braai area adds to the appeal of the property, providing residents with a space to relax and socialize outdoors.
With a net monthly income of R45,050.76 and a net annual income of R540,609.12, this property promises a solid return on investment. The consistent rental income, combined with the property's amenities and management features, makes it a highly attractive option for investors seeking a reliable and profitable venture in the real estate market.
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Security - System • Near University/Campus • Near Medical Center • Alarm System • Closed Circuit TV • Near Shops • Near Public Transportation • Safe Location • Balcony • Built In Braai • Near Shopping Mall • Near Schools • Near Hospital
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Disclaimer: While every effort will be made to ensure that the information contained within the EXP Realty website is accurate and up to date, EXP Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.