Block of Residential Flats for sale in Diep River, Cape Town

Block of Flats for sale in a quiet pocket of Diep River

The facts around this property are as follow:
• The property is not sectionalised.
• There are nine units over three floors.
• Three one-bed units and six two-bed units
• Each unit has either a parking garage, a shaded parking bay or an open parking bay.
• All the units are fully tenanted and vacancies are rare.
• The current owners have spent in excess of R 300 000.00 in upgrades recently.
• Some of the upgrades include, replacing all windows with aluminium windows, retarring the driveway and parking, upgrading the electrical fence, redoing some of the plumbing, redoing some kitchens and bathrooms.

The asking price is R 9 945 000.00. yielding a return of 8,2%

The owners will consider selling the company that owns the property. Financial and related information is available on request.