352 m² Retail For Sale in Fairfield Estate

Accepting Offers.

DESCRIPTION:
Turnkey Multi-Unit Income Generating Investment!

This multi-unit/block of apartments is situated in Fairfield Estate, Parow. Situated in a rental demand area close to public transport, Sanlam Centre, and TFG head office.

The building consists of:
• 2 x Two Bedroom apartments
• 3 x One Bedroom apartments
• 3 x Studio Apartments

Fully occupied with good longstanding tenants.
Total gross income: R40 250 per month.
Rates and maintenance: R1 600
Water and Electricity: R5 500
Water and Electricity Recovered + R5 500
JOJO TANK.
NET INCOME: R38 650
±15% NET RETURN. Excellent ROI for this area.

These opportunities at this price point does not come around often.

DETAILS:
• Erf no: 24588
• Erf size: 352m²

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 Auctioneers. Bidders must conduct their own investigations prior to bidding.