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Stunning Opportunity - Maitland One Owner Apartment Block for Sale

R 7,100,000

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Discover this impressive 2-storey accommodation block nestled at the base of the Maitland Bridge, located at 57 Montague Road, Maitland. Owned by a single owner since 2012, this property has undergone extensive renovations, transforming the existing 6 apartments and adding two studio apartments, bringing the total to 8 units. Additionally, a caretaker and their family reside in a spacious 3-bedroom wendy style house on the premises, offering potential for additional rental income.The configuration of the apartments is as follows:Four 3-bedroom apartments accommodating 6 people each, totaling 24 occupants.Two 2-bedroom apartments accommodating 5 people each, totaling 10 occupants.Two studio apartments accommodating 2 people each, totaling 4 occupants. In addition, there is the caretakers 3-bedroom wendy house.With a maximum capacity of 38 people, the property offers lucrative rental potential, especially for student accommodation or contract personnel whose rent is covered by corporations. Monthly rental income on a per bed basis, excluding the caretaker house, could reach up to R95,000.00 (@R2500 per bed x 38 beds) for a student mix.Each apartment is equipped with prepaid electricity and water meters, except for studio apartments 7 & 8, which have electricity and water included in the general council bill. These two units also feature GAS GEYSERS, distinguishing them from the rest of the building with normal water geysers. A fingerprint reader with a turnstile at the front gate adds an extra layer of security. Approximately 4 parking bays are available on the premises.The tenant mix includes students, contract personnel, and longer-term residential tenants, such as families occupying unit 7 and unit 8. The caretaker and their wife, responsible for maintenance and cleaning of the premises, will vacate upon successful sale, unless requested otherwise by the new owner. Opportunities exist to utilize the caretakers services for transportation to tertiary education institutions.The current owners are VAT registered, any sale price would would need to factor in 15% VAT charge, which can be reclaimed by VAT registered buyers. Dont miss this exceptional investment opportunity in Maitlands vibrant property market.Property Reference #: 7002001-52481Agent Details:Wihan Van WykEXP RealtySouth Africa13 Nankies Nook Eldoraigne , Eldo Park Estate , 157

Maitland

Specious 6 Bedroom and 3 bathroom House in Gardens, Cape Town

R 55,000

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PREFERENTAL The Preferred way of RentingSpacious six-bedroom and three-bathroom freestanding family home perfect for a work-from-home setup.Large Open Plan Kitchen and lounge/Dining Area with stacking doors open onto Devils Peak views. It can accommodate six bedrooms in total. In the Main House:4 Bedrooms, all of which have en suite bathrooms. Main Bedroom with walk-in cupboard. Three of the bedrooms have doors leading onto private outside areas. Separate TV room/Lounge Dining room with doors leading onto the front yard, which can be used as a 5th bedroom.All rooms have Air Conditioning, Oregon Pine flooring, sash windows and doors. Flatlet:The sixth Bedroom is in a Separate Flatlet with an en suite bathroom. Pool Room with a kitchenette that opens onto the deck around a pool, perfect for entertaining guests.Front Garden with a view of Lions Head and partly shaded with established trees.There is also a Separate outside Office with a bathroom. Proximity to schools, Jan van Riebeek High & International German School Walking distance to restaurants. Established Garden with mature trees. Easy Maintenance Outside Areas, with an automated irrigation system. Pool. Outside entertainment area with Decking and a separate Lounge with kitchenette. Laundry Room and scullery. Alarm with outside beams. Trellidoor on the doors. Secure Parking for two cars behind an automated gate.Rent includes Armed Response, Gardner once a month, and pool cleaning service weekly.Rent excludes utilities.Interested? Please fill in your details (name, email address and mobile number) on the advertisement email agent or Message agent. Send the message, and we will shortly send you the direct contact details to contact to schedule an appointment to view the property.--------------------------------------------------------------------------------------------------------------------------------- Interested in this property?Please fill in your NAME, EMAIL, and PHONE NUMBER in the Contact Agent Section on this Advertisement to receive the contact information for this property.Security deposit Required (amount to be determined)All deposits are kept in an interest-bearing account and interest earned accrues to the tenant.Applicants are required to complete an online rental application where this application will be used for a credit and background check. Latest 3 month Bank statement, Latest 3 month Payslips, a certified copy of ID, proof of current lease agreement.The tenant applications are online and paperless making the application process quick and easy.(Ref No.: Pref21968705)# Office / Study: 1# Parking: 2Has PoolHas GardenProperty Reference #: Pref21968705Agent Details:Preferental PlatformPreferental Platform3 Denise Street, Morningside, Sandton, 2196JohannesburgOffice Hourse 8am - 5pm Monday to Friday Phones 9am - 4pm Monday to (most) Fridays

8mo

Tamboerskloof