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R30,000,000
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1 Bedroom Flat For Sale in Olivedale
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ASKING: R30 000 000-00
This exceptional investment opportunity set within five various complexes awaits an idyllic prospect to be snatched up. This portfolio consists of 32 fully tenanted, one-bedroom apartments, securing a steady income stream with 12-month leases already in place. Ideal for investors seeking to expand their investment portfolio.
All complexes offer a variety of lavishness, convenience and security.
Property Details:
Portfolio Composition – 32 one-bedroom, one-bathroom apartments.
Size and Costs:
13 units measuring 42m² - Waterfall (Levies: R632-45; COJ: R780-30; Effluent: R704-47)
5 units measuring 45m² - Olivedale (Levies: R696-20; COJ: R580-36; Effluent: R704-47)
5 units measuring 48m² - Greenstone (Levies: R612-53; COJ: R654-70; Effluent: R704-47)
5 units measuring 44m² - Greenstone (Levies: R822-60; COJ: R544-46; Effluent: R704-47)
4 units measuring 44m² - Greenstone (Levies: R1 092-78; COJ: R689-13; Effluent: R704-47)
MONTHLY RENTAL INCOME: Approx R270 000-00; MONTHLY COSTS: R67 590-68
About the Residences:
Guaranteeing an impeccable standard of comfort, security and style, each apartment in this portfolio offers a contemporary, open-plan design that delivers for all preferences of today's classy individuals. Each sun-splashed apartment hosts elegant and polished finishes. The kitchens are equipped with three to date appliances, Caesar stone/granite counter tops all hosted in a setting finished with plush trimmings. The bedrooms serve as personal sanctuaries. Each apartment features its own balcony accompanied by remarkable and serene views.
Luxury Amenities:
Residents enjoy access to a variety of on-site amenities including:
In-house restaurants, swimming pools, well-equipped gyms, playcentres/jungle gyms, concierges, sports rooms, sports fields and laundromats. Some include on site Nursery Schools.
Location:
The complexes attest to modern architectural design. Residents benefit from the complex’s proximity to key business hubs, shopping centres, and recreational venues, ensuring a lifestyle that's both convenient and enjoyable.
Investment Potential:
With properties already fully tenanted, investors can immediately benefit from a return on investment, making this an ideal option for those looking to expand their property portfolio within highly sought-after locations.
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The Rise of Female Property Ownership in South Africa
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The Rise of Female Property Ownership in South Africa: A Decade of Transformation
The landscape of property ownership in South Africa has undergone a significant transformation over the past decade, with women emerging as dominant players in the market. The latest statistics reveal a clear trend: women are not only...
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Published 19 Aug 24
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Don't Forget These Essential Expenses When Selling Your Property
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When selling a property, there are numerous costs to consider-many of which must be paid upfront before the transfer can take place. These expenses can add up quickly, so it's crucial for sellers to be financially prepared. To avoid any unexpected financial strain, it's wise to have sufficient savings set aside well...
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Published 06 Aug 24
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| R1,975,000 |
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| 3 Bedroom Townhouse For Sale in Rivonia |
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Situated close to the centre of the Rivonia commercial hub and within walking distance of the Rivonia village shopping mall.
Easy access to Rivonia Road...
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| Web Ref 6552569 |
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| R1,650,000 |
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| 1 Bedroom Townhouse For Sale in Broadacres |
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Join the over 50’s club in Broadacres where Retirement is at its very best…. This cutey tucked away and private, sends the most subtle message of serene...
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| Web Ref 6664469 |
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| R9,000 pm |
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| 2 Bedroom Flat To Let in Broadacres |
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This first-floor apartment displays a fashionable kitchen with white Caesar stone counter tops and space for two undercounter wet appliances. The kitchen...
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| Web Ref 6347727 |
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| R1,900,000 |
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| 4 Bedroom House For Sale in Buccleuch |
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Welcome to your dream home—where elegance meets comfort in this remarkable double-story residence. Designed with family living in mind, this property offers 4...
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| Web Ref 6664140 |
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