5 Bedroom block of flats for sale in Strand North

R3,750,000
  1. 5
  2. 5
  3. 3
  4. Web Ref: 1018748

Property Features

ERF Size 0 m²
Rates R1,426 per month
Building Size 429m²
Sectional Title Levies R7,386

Interior Features

5 Bedrooms
4 Lounges
5 Bathrooms
Kitchen

Exterior Features

3 Garages
Balcony

EXCELLENT INVESTMENT OPPORTUNITY

Situated in De Beers Rd, this property offers so much. The total extent of the property is 429m².
Currently it is divided into 4 units:
1. The ground floor unit consists of an open plan living area and kitchen and a separate bedroom, with en-suite bathroom.
2. On the 1st floor is a 2 bedroom unit, with 2 bathrooms, big open plan living area, kitchen with stove and eye level oven and a separate laundry.
3. On the 2nd floor is a 1 bedroom unit, which also can be used as a 2 bedroom unit. Open plan lounge and kitchen, that leads out to a big balcony and separate bedroom, with bathroom.
4. This unit is also a 1 bedroom unit, with an open plan lounge and kitchen and bathroom. Sharing the big balcony.
In total you have 5 bedrooms, 5 bathrooms, 4 kitchens, 4 living areas, 1 laundry and 3 lock up garages. The opportunities are endless and you can either get a rental income, from the unit as a whole, or stay in the 1 part and rent out the rest and even do holiday rentals, because of the location, close to the beach.
Potential rental income of +/- R30 000 pm – R40 000 pm

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