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200m² Apartment Block For Sale in Orange Grove

R2,200,000

Web Ref No CL314
9 Apartments - Annual income of R372,000 p/a

Asking Price: R2,200,000 with an approx. yield of 15%

4 Recently renovated apartment blocks situated in Orange Grove.

The properties consists of 28 apartments and 1 shops

The properties can be sold as a lot or individually.

Property Description:

Apartment 1 has 7 rental units with an annual income of R300,000. Asking price is R1,900,000.
Apartment 2 has 9 rental units with an annual income of R372,000. Asking price is R2,200,000.
Apartment 3 has 6 rental units with an annual income of R360,000. Asking price is R2,200,000.
Apartment 4 has 7 rental units with an annual income of R318,000. Asking price is R1,900,000.

Features

Title Freehold
Zoning Commercial
Floor Size 200m²

Broker Contact Details

Matt McTigue
Head Office

Cell 0761204482
Office (011) 731 0300
Howard Lichter
Head Office

Cell 0664224822
Office (011) 731 0300

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