Joint Mandate

Block of Flats for sale in Heathfield, Cape Town

R6,995,000
  1. Web Ref: 1164612
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Property Features

ERF Size 796 m²
Building Size 620m²

Newly Refurbished Block of Flats for Sale in Heathfield, Cape Town

The owners have spent in excess of six hundred thousand rand, refurbishing this block of flats. They have redone the entire roof, repainted the interior and exterior, replace all window frames with durable aluminium window frames, refurbish kitchens and bathrooms where needed and installed pre-paid electricity and water meters in each unit.

This double storey block consists of eleven units, each offering two bedrooms, kitchen, living room and bathroom. There is on-street parking for six cars and off-street parking for five more cars. The property is directly across the Heathfield train station and with-in walking distance to the main road. It is close to local shops and easily accessible from all major roads.

The property is currently fully let and earns a total net annual rental income of R 696 000.00. The asking price is R 6 995 000.00 giving an above average yield.

The zoning is General Business 1 (GB1), the erf size is 796 m2, the block is not sectionalised.

Additional information and viewings available on request to serious buyers only.

Contact the agent

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Candidate Property Practitioner
Registered with the PPRA
Block A, 1st Floor Cnr. Timour Hall Road & Gabriel Road, Plumstead

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