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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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Provincial Moves: One in Four Sellers Buy in a New Province
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In the dynamic South African real estate market, there has been a significant shift in the behaviour of homeowners who sell and buy property. Recent data from August 2024 reveals that 27% of homeowners who sell their homes now choose to purchase a new home in a different province. This represents a notable increase...
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Published 16 Sep 24
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Rental Market Rallies, Bringing Good News for Agents
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A sudden surge in rental growth during Q2 2024 has brought a much needed and welcome surprise for South African rental agents and landlords, especially after experiencing a decline in the first quarter.
According to the PayProp Rental Index, year-on-year rental growth showed a significant rebound, climbing from...
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Published 26 Aug 24
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| R2,150,000 |
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