16 Bedroom Apartment Block For Sale in Noordrand
R7,800,000
Monthly Bond Repayment R77,873.63
Calculated over 20 years at 10.5% with no deposit.
Web Ref
RL4961
Monthly Rates
R3,000
nvestment Opportunity: Multi-Unit Complex with Steady Rental Income
**Property Description for Property24:**
Exceptional investment opportunity – a modern, income-generating complex consisting of 8 units in total, divided into 2 neat blocks. Each flat features a contemporary open-plan kitchen and lounge, as well as an additional braai or entertainment area with a built-in braai – a unique feature that sets this complex apart, as most flats offer only one living area. Every unit includes 2 bedrooms, 1 full bathroom, and its own carport. All Maintenance in the complex is up to date.This complex is ready for a new owner to take over and generate income with little effort
The ground-floor units offer extra private storage space along the walkway to the front doors, while all staircases are secured with Trellidoors for added safety. Each unit has its own prepaid electricity meter and individual water meter, making utility management simple and transparent for both the owner and tenants.
The complex is secured with electric fencing and includes a designated garbage house. There is also potential to make the bottom units pet-friendly, offering additional rental appeal. Currently, the complex enjoys 100% occupancy – a solid and reliable income-generating investment.
Exceptional investment opportunity – a modern, income-generating complex consisting of 8 units in total, divided into 2 neat blocks. Each flat features a contemporary open-plan kitchen and lounge, as well as an additional braai or entertainment area with a built-in braai – a unique feature that sets this complex apart, as most flats offer only one living area. Every unit includes 2 bedrooms, 1 full bathroom, and its own carport. All Maintenance in the complex is up to date.This complex is ready for a new owner to take over and generate income with little effort
The ground-floor units offer extra private storage space along the walkway to the front doors, while all staircases are secured with Trellidoors for added safety. Each unit has its own prepaid electricity meter and individual water meter, making utility management simple and transparent for both the owner and tenants.
The complex is secured with electric fencing and includes a designated garbage house. There is also potential to make the bottom units pet-friendly, offering additional rental appeal. Currently, the complex enjoys 100% occupancy – a solid and reliable income-generating investment.
Features
Pets Allowed
No
Interior
Bedrooms
16
Bathrooms
8
Kitchen
8
Reception Rooms
16
Furnished
No
Exterior
Security
No
Parkings
8
Flatlet
8
Pool
No
Scenery/Views
Yes
Extras
24 Hour Access; Bath, Toilet and Basin; Breakfast Nook; Built In Braai; Complex
