16 Bedroom block of flats for sale in Rondebosch, Cape Town

Block of 10 flats for sale in Golden Mile Rondebosch

After being owned by the same family for over 50 years, we are pleased to present the rare opportunity to become the custodian of the only freehold apartment block in Golden Mile Rondebosch

Nestled in between Rondebosch Boys Prep and High schools in beautiful Canigou Avenue, this character filled apartment block offers 10 apartments comprising 6 two beds, 4 one beds, 2 garages and 10 parking spaces.

Current rental income of R78 400-00 (R69 384-00 after rental management fee) less expenses

Constructed with the utmost structural integrity, notable architectural features include high ceilings, original moldings, oversized windows, wooden strip floors, authentic brick and spacious living areas.

Although the building does require maintenance and upgrading the upside potential will be identified with ease by savvy investors/future custodians.