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R11,000,000

R11,000,000

16 Bedroom Apartment Block For Sale in Mowbray
16
Bedrooms
8
Bathrooms
Sole Mandate
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Fully tenanted student accommodation block!

Web Ref. EVO306
Floor size 477.00 m²
Monthly Bond Repayment
R113,540.72
*sole mandate*

Entire block with modern amenities up for grabs!

This block consists of 4 spacious apartments measuring ±120m2 each, each of which have 4 bedrooms, 2 bathrooms, an open plan kitchen/lounge as well as a balcony. The Kitchens are well equipped with a stove, washing machine, fridge, toaster and kettle. The building is secure with electric fencing, smart locks for all locks with a tap-and-go system and a smart App alarm system through ADT which is run off your phone.

The building has fibre and there is a Communal braai area as well parking for 8 vehicles.

* Fully tenanted, and with full Turnkey management in place which covers everything from cleaning, security, pest control, gardening, insurance, wifi etc. it take the stress off the the Landlord as everything is taken care of for you!
* Rental Income of ±R100,000 per month
* Utilities billed in arrears to tenants (as per below)
* Pre-paid electricity meters in each unit - though Electricity is loaded by the managing agents to ensure constant supply
* One water meter for the building - water loaded by managing agents to ensure constant supply
* UCT Accredited Accommodation
* 90m away from the Jammie shuttle to UCT
* ±550m away from UCT

Don't miss out on this great investment opportunity.

Features

Interior
16 Bedrooms
8 Bathrooms
4 Kitchens
4 Lounges
Exterior
8 Parkings (Secure Parking)
Sizes
Floor Size 477 m²
Additional Amenities
Electric Fencing
Alarm System
Secure Parking
Listing Info
Date Listed 27-03-24
Time Listed 08:01

Disclaimer

While every effort will be made to ensure that the information contained within the Revo Property website is accurate and up to date, Revo Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.