12 Bedroom Apartment For Sale in Johannesburg

Property description

Well Maintained And Secured Investment Property For Sale On Verona Street, Rosettenville. Great Location. Great Rental Returns And Value For Money

Solid facebrick block of eight one-bedroom flats, located high up on Verona St (Corner Berg). For sale due to owner relocation

Building has been solidly maintained and is really well secured - in terms of both the perimeter and internal access. And sits comfortably in the 452 square meter corner stand

Location, high up – towards The Hill/Linmeyer and actually on Verona St, is ideal in terms of ease of public transport and proximity to various shopping areas and the local hospital, etc

Each of the eight one-bedroom flats – four on the ground floor and four above – offers kitchen, bathroom, small dining/study space on entrance, lounge and spacious bedroom, with covered and enclosed patio space off lounge, providing small but functional additional bedroom.
All of the flats each with their own separate pre-paid meters, for management control

Building also has secure basement parking space available, in need

Potential investors will apply their preferred Return On Investment Models. However, all basic calculations will confirm the excellent potential returns available

Comfortably R400k per annum in terms of gross rental returns. And close to double responsibly-considered monthly costs – including taking funding costs in to account

Local investors will also appreciate the fact that less blocks of this nature are entering the market. As investors become aware of the more solid investment potential offered by them, when compared to the other rental models popular across the area

Current rental base is stable. With only one recent/current vacancy, no doubt to be filled soon enough

Asking: R1 875 000
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