Property description

An exceptional opportunity awaits the discerning property investor seeking a substantial residential asset offering multiple income streams, established rental income and genuine potential for future growth.

This impressive property comprises six individual two-bedroom apartments, each thoughtfully designed to provide comfortable, practical and independent living. Every apartment features two bedrooms, a spacious open-plan lounge and kitchen, as well as a toilet and shower.

Each unit has its own geyser, wash trough and washing line, together with one dedicated car parking space. The apartments are further complemented by prepaid electricity and prepaid water, providing tenants with greater control over their individual consumption while offering the owner a convenient and transparent utility-management structure.

The property is currently generating approximately R28,000 per month in rental income, equating to approximately R336,000 per annum. An especially attractive aspect of the investment is that the rental income has not been increased for approximately three years, presenting the prospective purchaser with an opportunity to review the current rental levels against prevailing market conditions and potentially optimise future rental returns, subject to existing lease agreements and applicable regulations.

Adding further appeal to the investment proposition is an approximate R10,000 refund from the City of Cape Town relating to the six units, with the exact amount and applicable conditions to be confirmed during the purchaser's due diligence.

The property is Residentially zoned and has approved plans, adding an important level of reassurance and strengthening its credentials as a purposefully configured residential investment.

With six apartments under one ownership, the property offers the considerable advantage of multiple rental income streams from a single asset. The individual facilities, dedicated parking, private bathroom arrangements and separate prepaid utilities all contribute to the property's tenant appeal and practical investment profile.

For the astute investor, this is an opportunity to acquire an income-producing property with an established rental base while retaining the potential to enhance its performance over time. The combination of six apartments, twelve bedrooms, approved plans, residential zoning, individual utility arrangements and rental income that has remained unchanged for three years creates an investment proposition with both substance and opportunity.

Six apartments. Twelve bedrooms. Established income. Rental-growth potential. One exceptional investment opportunity.A property of this calibre and configuration deserves serious consideration.

Enquire today to arrange a private viewing and discover the full potential of this exceptional investment property.