This is a well Researched facebrick apartment block. Perfect for the investor looking for a low-maintenance, Renovator's dream type investment. This property has additional land with plans to build a further 12 one-bedroom units or 5 to 6 larger units. An excellent opportunity to increase rental potential. Renovations on existing units will further increase rental income potential and net yield will be estimated at between 15 - 18% post renovations
Renovate, Sectionalise and Sell | Apartment Block | Johannesburg
This Residential Block consists of 42 units in total, 12 large three bedroom apartments (120 sqm), 30 large two bedroom apartments (90 sqm) and land available to build another 12 one bedroom units (55 sqm). The investment requires R25.5m - financed, cash or partly financed. The apartments will be earmarked for minor renovations before selling off at market related prices. Please have a look at Investment Stats for further information.
This is an excellent opportunity for a serious investor willing to put down a large sum to make an excellent ROI with hardly any risk.