7 Bedroom block of flats sold in Southfield, Cape Town
Web Ref: 1042207
Apartment Block for Sale - 5 Apartments in Total
Well positioned apartment block in fantastic location in Southfield.
Situated within the block are 5 apartments, comprising of 3 x 1-bed apartments, a 2 bed unit and a 2 bed duplex apartment.
All units except 2 are rented out - however, at full occupation, rental returns are estimated 8,7% NET RETURN after the standard monthly expenses.
In addition, there is currently a credit for water from the City of Cape Town for an estimated 14 months (No water bills will need to be paid while this credit remains) which would bring the return up to 9,4% for the next +- 14 months.
Walking distance to shops and other amenities - appealing to tenants from a variety of backgrounds. Enquire for more details.