Accepting Offers.
DESCRIPTION:
TWO SECTIONS SPLIT INTO 4 UNITS FULLY TENANTED:
• Units consist of 2 x bachelors, 1 x 1 bed and 1 x 2 bedroom unit
• Fully tenanted with lease agreements in place.
• Only the 2 bed unit is on month to month
• Individual Water meters and electricity meters in place.
• Well maintained block with property manager in place who collects rent and manages the block.
• Opportunity to expand or increase rentals.
• Close to beach!
Rental breakdown :
• Rent: R7,050.00 - 2 Beds unit
• Rent: R5,200.00 - Bachelor
• Rent: R5,950.00 - 1 bed unit
• Rent: R4,950.00 - Bachelor unit
• Total Rental R23,150 per month or R277,800 per annum
Calling all investors .
DETAILS:
• Sectional Scheme Name: SS Coral Mews
• Sectional Scheme No: 179/1991
• Unit Size
(Extent): 2 (100m²)
• Unit Size (Extent): 3 ( 105m²)
• Rates: ±R726.00 per month per unit
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.
The Claremart Group is a leader in commercial and residential properties. We attract huge crowds to our auctions and consistently match and exceed the mandated price on properties sold under our hammer.
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