15 Bedroom Apartment Block Sold in Bellevue

R4,750,000

Monthly Bond Repayment R49,839.66
Calculated over 20 years at 11.25% with no deposit.

Web Ref No RL18127

Income Generating Apartment Block In Bellevue

Complex is located in Bellevue. Bellevue is an inner city neighbourhood of Johannesburg, Gauteng Province, South Africa. Close to the Johannesburg CBD with the neighbourhood surrounded by Yeoville and Observatory. It is located in Region F of the City of Johannesburg Metropolitan Municipality. It shares the same praise and notoriety as its surrounding neighbourhood Yeoville.

The buildings are old however have been very well maintained and looked after.

The building comprises of 15 apartments of which -

3 - 2 bedroom units
12 - 1 bedroom units
14 - Domestic quarters with bathrooms and laundry. (These are currently not let)

All units consist of lounge/dining, all bathrooms have a shower over the bathtub and full kitchens.

Secure basement parking with remote access for all residents.

Complex is currently fully let, which provides a rental income of R90 000.00 per month including utilities.

Building currently has no arrear rental amounts and rental roll available if requested.

Features

Bedrooms 15
Security Yes
Bathrooms 15
Recep. Rooms 30
Dom. Accom. 14
Land Size 993m²
Carports/Parkings 15
Pets Allowed Yes
Monthly Rates R7,700.00

Agent Contact Details

Leonard Fourie
Principal Property Practitioner
Registered with PPRA
(FFC 202 321 940 2)

Cell 083 648 0806
Office (010) 4439932
WhatsApp Me