6 Bedroom Apartment / Flat for Sale in Sidwell

SOLE MANDATE The building generates a passive income and it's fully managed by Only Realty since 2016. Turnkey investment 6 x 2-bedroom duplex, 1 bathroom, 1 kitchen and 1 lounge + secure parking measuring 80m2/each The building location in the industrial area of Sidwell is ideal for accommodating tenants working in the factory surrounding the property Every apartment is fitted with a prepaid electricity meter The current zoning is Res3 The section can be purchase individually to save R71 200 in transfer duty. Asking Price is R2 550 000 The building is fully let and is generating R30 740 in rental per month + R2960 in water/refuse recovery The monthly expenses are R12 214.63 The net monthly income is R21 485.27 Cape Rate of 10.11% Please note the SS Lustig is currently managed by Only Realty and there is no levy payable (Only rates and taxes) Call us today to discuss all options available and secure a private viewing. “The information provided is believed to be true and correct but does not form part of any agreement”