Investors Opportunity – Completely Renovated Old World Apartment Block for Sale in Strand

An old-world block with four apartments situated 80 metres from the beach. The entire block of apartments has been recently renovated with quality finishes and good security.

All the kitchens and bathrooms are fully modernized. The remaining wooden floors are the original Oregon pine floors. All four apartments have a walk-in closet in the passage. Granite tops have been installed in every kitchen. High quality Blutide Shoreline single lever mixer taps are installed in all bathrooms and Cobra taps in all kitchens – each with a 15-year guarantee.

The apartments are all fitted with prepaid electricity meters.

3 Apartments has been let for 12 months and the fourth is presently occupied by a family member of the owner – with an additional R11 000 per month rental income possible from the fourth unit.

Total Rental Income – R39 000 per month (should the fourth unit also be rented out)
Monthly Expenditures (excluding electricity) - R2 634

Please walk through one of the ground floor apartments with our included and fully immersive 3D Matterport virtual model.

Apartment 1

Ground floor: Two bedrooms with built in cupboards and a smaller room that can be used as a bedroom, lounge or a study.

The main bedroom has an en-suite full bathroom with a bath, double vanities and a toilet. The second bathroom has a shower, toilet and basin.

The kitchen has built in cupboards, a gas hob, electric stove and an extractor fan. The kitchen and bathroom floors are tiled, and the lounge and bedrooms have the original Oregon pine wooden floor.
Rental income R11 000.00 per month.


Apartment 2

Ground floor: Two bedrooms with two bathrooms. The main bedroom has an en-suite shower, basin and toilet. The second bathroom has a shower, toilet and basin.

Third room can be used as a lounge or a study. The kitchen is fitted with a full electric Bosch stove.

Potential rental income R11 000.00 per month.

Apartment 3

First floor: This apartment has three bedrooms and a balcony from one of the bedrooms with partial sea views.
There is one bathroom with a bath, shower, basin and toilet. The kitchen has a Hisense stove - gas hob and electrical oven.

Rental income R10 000.00 per month

Apartment 4

First floor: This apartment has three bedrooms and a balcony from one of the bedrooms with partial sea views.
The single bathroom has a shower, basin and toilet and have space for a washing machine. The kitchen has a Hisense stove - gas hob and electrical oven.

Rental income R7000.00 per month.

The property has been completely walled with electrical fencing added on top of the wall.
There are 4 shaded parking bays and 4 unshaded parking bays.
Approved plans are available for a swimming pool – see building plans attached.
The renovations have been approved by Heritage Western Cape ...

Property Reference #: 3861448