We present a rare investment opportunity to acquire a fully tenanted block of flats, strategically located in Kempton Park Extension 2.
This property boasts:
– 20 x 2 bedroom units. Each unit consists of an open plan lounge and kitchen, bathroom with shower, toilet and basin.
– 6 x 1 bedroom flats consisting of open plan lounge and kitchen, bathroom with a shower, basin and a toilet
Investment highlights:
– Fully tenanted: the property is fully occupied, providing a stable income stream,
– Strong demand: Kempton Park is a high demand area, ensuring consistent rental income
– Potential for capital appreciation: The property's value is likely to appreciate over time, making it a solid long term investment.
– Low maintenance: The property is well-maintained, reducing the need for high costly repairs and renovations.
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Details
Updated on April 30, 2025 at 2:33 pm
Reference #: 1372786
Price:R11,000,000
Suburb / Town: Kempton Park
Property Type: Commercial Property
Building Size: 619.0 ㎡
Stand Size: 1280.0 m²
Rates & Taxes: R 5856
Additional Features
Mandate Price:total gross price
Building Height:2
Usage:Residential
Yard:1280
Security:1
Commercial Parking Basement:32
Measuring Unit:Metres Squared
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