12 Bedroom Cluster For Sale in Flamingo Vlei

R7,500,000

Monthly Bond Repayment R81,278.03
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RL29660

High Yield Multi-Unit Investment Opportunity FOR SALE in Table View

Presenting a prime multi-unit investment opportunity in the highly desirable Table View area, featuring four spacious 3-bedroom, 2-bathroom units. Each unit comes with a fireplace, 2 private gardens including a covered patio with a built-in-braai, perfect for outdoor enjoyment, as well as a single garage per unit for added convenience. Visitor parking available, enhancing the appeal for both tenants and guests. With an impressive 100% occupancy rate and a solid rental history, this property ensures stable cash flow and minimizes vacancy risk, making it an ideal addition to any investment portfolio.

Currently yielding an attractive 9.54% before final negotiations, this property stands out in a competitive market. Each unit is equipped with its own water meter, facilitating convenient cost recovery and enhancing overall management efficiency. Located close to local amenities, schools, and public transport, this investment not only offers strong financial returns but also promises potential future appreciation as Table View continues to thrive. The property has not been sectionalized and offers existing GR3 Zoning.
Contact me to discuss how we can add this asset to your portfolio as a first time or well seasoned Investor. The property can also be sold as a going concern.

Features

Bedrooms 12
Bathrooms 8
Recep. Rooms 4
Garages 4
Land Size 1,004m²
Carports/Parkings 4
Pets Allowed Yes
Monthly Rates R2,342.00

Extras 24 Hour Access
Cluster Home
Covered Patio
Built In Braai
Built in Wardrobes
Complex
Electric Gate
Double Storey
Freestanding
Perimeter Wall
Residential
Secure Parking
Level Road
Conventional