This block of flats in Turffontein with 5 self-contained units, 2 outside rooms and 2 garages, could be YOUR lucrative investment!
In 2018 this block of flats had a rental income of R20 000 per month.
The potential for conversion and the zoning as residential 1 make it suitable for commercial purposes, requiring a commercial loan OR cash offer.
Ideal for student accommodation or a hostel, it promises excellent rental income.
The property is centrally located between various campuses and Johannesburg CBD, enhances its appeal, offering convenient access for potential tenants. Proximity to educational institutions and the city center could contribute positively to rental demand, making this investment even more promising for those considering student accommodation or a hostel.
Consider exploring this opportunity further for a sound investment. For your exclusive viewing appointment and additional information, please contact me.
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Details
Updated on February 28, 2024 at 10:31 am
Reference #: 1345013
Price:R1,100,000
Suburb / Town: Johannesburg
Property Type: Apartment / Flat
Bedrooms: 11
Bathrooms: 6
Living Areas: 5
Garage: 2
Stand Size: 495.0 ㎡
Rates & Taxes: R 1000
Key Property Features
Pets Allowed
Additional Features
Staff Quarters:1
Garden:1
Bedroom Features:
Rhodesian Teak Parquet flooringNo built in cupboards
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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