R 10 999 000
| Commercial Property for Sale in Kempton Park Central
50
Liquidation!!! Great investment with excellent income potential! Block of flats close to the airport and main roads with 50 rental units!!!
Stand of 2478 sqm with 2 blocks of flats offering as follows:
26 X Bachelor flats approximately 30 sqm each.
24 X 2 Bedroom flats approximately 46 sqm each.
All units have prepaid electricity and the water is fed from a municipal borehole.
When fully capacitated, the flats currently offers approximately R206 000 rental income per month and an annual rental income of R2 474 000.
Potential buyers can also choose the option to open a sectional title scheme and sell all the units separately. Conservatively such an option can offer gross proceeds in the region of R16 million to R18 million!
This property is very close to the airport and has easy access to all main roads and highways.
Investors & Developers - don't miss out on this opportunity. Price is negotiable!!!
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