Presenting an exceptional opportunity for discerning investors, this newly developed residential complex in the heart of Alberton North offers a lucrative addition to any property portfolio. Comprising 18 modern and meticulously designed units, this development is perfectly positioned for long-term rental income, with an expected return on investment yield of 13-15%.
Property Features:
• Unit Breakdown:
• 6 x 3-Bedroom, 2-Bathroom Units
• 12 x 2-Bedroom, 2-Bathroom Unit
• Interior Finishes:
Every unit within this complex has been crafted with the highest standards in mind. Each apartment boasts contemporary finishes, including:
• Kitchens: Fully fitted, high-spec kitchens featuring generous cupboard space, space for double-door fridges, double sinks, and dedicated space for
a washing machine.
• Bedrooms: Spacious bedrooms equipped with built-in cupboards, providing ample storage and functionality for modern living.
• Bathrooms: Luxurious, modern bathrooms with frameless glass showers, contemporary basins, and toilets – combining style and convenience.
• Parking:
• 3-Bedroom Units: Each unit is allocated 2 parking bays, providing convenience and ample space for residents.
• 2-Bedroom Units: Each unit is allocated 1 parking bay.
• Additional parking for visitors
• Security:
The entire perimeter is secured with electric fencing, further enhancing the security and exclusivity of the development.
• Utilities:
Each unit is equipped with prepaid water and electricity meters, providing residents with control over their usage while ensuring efficient management of utilities.
Investment Highlights:
• Location: Situated in the well-established and highly sought-after area of Alberton North, this property benefits from proximity to major transport routes, shopping centres, schools, and other amenities, making it an ideal location for long-term residential leasing. This complex offers a double entrance making it convenient for you.
• Income Yield: With rental demand increasing in this area, the complex is projected to deliver a stable and attractive rental income, with a return on investment yield of 13-15%.
• Excluding VAT: The sale price is excluding VAT, offering potential tax benefits to qualified buyers.
This development offers a rare opportunity to acquire a premium, fully-tenanted residential complex with excellent potential for sustained growth in capital value and rental income. It is an ideal choice for investors seeking a well-maintained, modern property that promises high returns with minimal management hassle.
For further information or to arrange a viewing, please contact Donovan Backos today.
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