R7,650,000

R7,650,000

98m² Apartment Block For Sale in Polokwane Central
Tracy Du Bruyn

Centrally Situated Income Property with High Demand

Web Ref. POL-CS00031
Land size 1586.00 m²
Floor size 98.00 m²
Monthly Bond Repayment
R74,301.49
This centrally situated property is a prime investment opportunity, boasting a total area of 1486m2. Currently, the property consists of 14 meticulously designed and well-maintained tiled units, all of which are fully occupied. The demand for these units is so high that there is a long waiting list of prospective tenants eager to secure a space in this desirable location.
Key Features:
• Occupancy: All 14 units are currently occupied, providing a steady and reliable income stream for the owner.
• Waiting List: The property's popularity is evidenced by a long waiting list of individuals eager to lease a unit, emphasizing the high demand in the area.
• Utilities: The property is equipped with a borehole, ensuring a consistent and reliable water supply, a valuable feature for both residents and property management.
• Security: Security is a top priority, as the property is fully walled and complemented by an electric fence. This security setup enhances the safety and well-being of both residents and the overall complex.
• Complex Amenities: The property is part of a security complex, providing an added layer of safety and community living. This makes it an attractive option for tenants seeking a secure and comfortable environment.
Investment Potential:
Given the fully occupied status, long waiting list, and desirable location, this property presents a compelling investment opportunity. Whether you are an experienced investor or seeking a stable income-generating asset, this centrally situated complex offers both immediate returns and future potential.
For a private viewing, phone your MASTER PRACTITIONER in REAL ESTATE without delay.!
Monthly Rates R2,329.21

Features

Zoning
Commercial
Interior
14 Kitchens
14 Bathrooms
Sizes
Land Size 1,586 m²
Floor Size 98 m²
Additional Amenities
Borehole
Access Gate
Electric Fencing
Garden
Listing Info
Date Listed 15-02-23
Time Listed 11:07

Finance

Calculators:
Can't find what you're
looking for?

Polokwane Central in the
news

Meropa Casino in Polokwane will have you feeling like a winner
Meropa Casino is a highlight of living in Polokwane. See what it offers, its impact on local property values, and get tips for buying in the area. Read article
Meropa Casino in Polokwane will have you feeling like a winner
Walk on the wild side at this Polokwane bird and reptile park
Zanna - Pietersburg Bird and Reptile Park is home to all things wild and wonderful but also plenty of recreational pursuits for the whole family. Read article
Walk on the wild side at this Polokwane bird and reptile park
Here are Polokwane's suburbs best for your budget
If you're a first-time buyer, young family, newlyweds, or simply downsizing, Polokwane's value-for-money suburbs offer incredible potential. Read article
Here are Polokwane's suburbs best for your budget
Best malls in Polokwane: where to go shopping
Whether you're picking up essentials, scouting for specials, or splashing out on luxury brands (we're not judging), you'll be delighted by Polokwane. Read article
Best malls in Polokwane: where to go shopping