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Description

This lovely secure complex built on a 1701 sqm plot  consisting of 5 units is situated  Mount Moreland ,which is only 2.6 km away  from King Shaka International airport. Mount Moreland is a small country community located  inland of Umhlanga,  and is known for its Viktoria barn swallows World Heritage site ,where the swallows  roost every year from November till April .Mount Moreland is zoned as section 18 and is allowed partly commercial activities such as B&B etc….

Each  unit ranging in various sizes (approximately 60 to 95 sqm ) has a garden with a small Wendy house for storage.

There is prepaid electricity and water, plenty of parking for 12 cars

All units are currently fully let. 

To an investor net annual yield is  11.5%

5 year Financial modeling can be provided

Rates are approximately  R 1500

You love tranquility and country living this is the place !

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Details

Updated on June 29, 2024 at 11:20 am

  • Reference #: 1357021
  • Price: R3,400,000
  • Suburb / Town: Verulam
  • Property Type: Cluster
  • Bedrooms: 9
  • Bathrooms: 5
  • Living Areas: 5
  • Building Size: 1701.0 ㎡
  • Stand Size: 1701.0 ㎡

Additional Features

  • Secure Parking:15
  • Bedroom Features:
  • with aircon
  • Bathroom Features:
  • showers only
  • Kitchen Features:
  • open plan

Address

1 6 Charles Street

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