21 Bedroom Apartment For Sale in Kempton Park

Property description

An unparalleled opportunity awaits astute investors in the vibrant heart of Kempton Park Central, Gauteng. Coming soon to market, this expansive block of flats is not just a property; it's a strategic acquisition poised for significant returns.

Spanning a sprawling 3,718 m² land size with an impressive 2,331 m² under roof, this tenant-occupied estate is meticulously designed for high-yield residential ventures. Boasting a remarkable 21 bedrooms and 10 bathrooms across its units – specifically, 7 x 2-bedroom units, 1 x 1-bedroom unit, and 2 x 3-bedroom units – it offers diverse rental income streams.

Experience the ease of a well-maintained property featuring a beautiful garden, balcony, and veranda, complemented by covered parking for 10 vehicles. Its robust brick construction ensures durability.

The location is a key asset for investors: situated on a bustling road, it provides immediate access to shopping malls, hospitals, shops, major highways, and the airport, ensuring consistent tenant demand. With a reliable water tank system and pre-paid electricity, operational efficiency is enhanced.

Investor Highlights:
Exceptional Monthly Net Income: This block of flats generates a gross income of R60,000+ -, with manageable expenses of R15,000+ -, yielding a clean R45,000+ - per month in net income.
Strong Return on Investment: This robust net income translates into an attractive return for investors.
Motivated Seller: The owner is genuinely looking to sell, having already declined a R3,500,000 offer, demonstrating confidence in the property's value.
Serious Offers Only: Our client is seeking serious buyers. Proof of Funds (POF) and a signed Non-Disclosure Agreement (NDA) are mandatory before any viewing can be arranged.
Selling Price: R4 650 000,00. All serious offers will be presented. Don't miss this extraordinary chance to acquire a high-performing asset in a bustling, accessible locale.