Discover an exceptional property in the heart of the highly sought-after Essenwood area, now available for sale. This block boasts 45 units, complemented by 56 undercover parking spaces and expansive garden areas. Perfectly positioned, this property offers endless possibilities for its new owner. Whether you're looking to establish private residences, generate rental income, operate an Airbnb, or provide student accommodation, this versatile investment is a rare opportunity not to be missed.
45 units comprising of..
• 13 x 2-bedroom units
• 16 x 1-bedroom units
• 16 x bachelor units
• 56 undercover parkings
Occupancy Details:
• Current occupancy: 21 units
• Vacant units: 24 units
• ?plus one out building for supervisor
• By February, occupancy will decrease to 19 units due to
the non-renewal of two leases
CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as RE/MAX Address (Berea) operates in terms of a franchise agreement with RE/MAX of Southern Africa.
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