20 Bedroom Apartment Block For Sale in Umbilo

R7,000,000

Monthly Bond Repayment R75,859.49
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RL10321

Building Block For Sale

Superb high yielding investment

Positioned in the heart of rental attraction

Rental is sought after by engeneers working at Bayhead; doctors, health workers and student doctors; the professionals and UKZN students

Building has four floors (no lift), fourth level is basement with its own entrance

The block comprises of;

4X3 Bedrooms with 2X bathrooms (main bedrooms with en suite)- current rent: R7 300 each

2X2 Bedrooms with 2X bathrooms (main bedrooms with en suite) - current rent: R6 300 each

1X2 bedrooms with 1X bathroom - current rent: R6 000

1X1 bedroom - current rent: R5 500

1X1 studio apartment

3X servants quarters

Windows and doors present aluminum frames

No levies ( freehold block)

Rates: R1 900

Snap up this superb investment opportunity

Positioned close to schools, shopping centers and shops, public transport and King Edward Medical school and hospital