For Sale   >   South Africa Flag  South Africa   >  Gauteng  >  Sedibeng District Municipality  >  Emfuleni  >  Bophelong
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  • R10,500,000
  • CONTACT
    CONTACT
  • Development
  • For Sale 
  • Bophelong
  • south africa Flag South Africa
Erf measures 3720sqm
Roughly 60% of the erf is developed
consisting of a multi level block of 24
flats
Eighteen have 2 bedrooms each
Six have only one bedroom each
Twenty four parking bays covered with shade
net
Current Income R --(Phone number)-- x2 bedroom
apartments R4 200; 6 x 1 bedroom apartments
R3 600)
Rates and taxes R23 379
Approval to build 15 x 2 bedroom units and 3
x 1 bedroom units BLOCK in place already
with a potential to bring an additional
income of R73800 from new block bringing
your total income to R171000.
The option is there to put students into the
2 blocks and your income can soar to more
than R220 000.
N.B The property is in MINT CONDITION.(SEE
PICTURES)
All the units are fully tenanted at the
moment and all tenants have a month on month
leases.

Erf measures 3720sqm  Roughly 60% of the erf is developed  consisting of a multi level block of 24  flats  Eighteen have 2 bedrooms each  Six have only one bedroom each  Twenty four parking bays covered with shade  net  Current Income R --(View more
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