INVESTOR ALERT!!!

R 13,500,000

Can I afford this?
2 months ago158 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):2300
Parking:Garage
Description
TME BAM REALTY proudly presents an incredible price adjustment on this stunning property nestled on the prestigious Marine Drive Bluff, this investment property offers a rare opportunity to own a piece of prime real estate in a highly sought-after location. The property features a total of 11 units, including 10 spacious two-bedroom apartments and one expansive three-bedroom apartment. Each unit is meticulously designed to maximize comfort and functionality, with open-concept living spaces, modern kitchens, and elegant bathrooms.

The apartments boast breathtaking views of the ocean, providing residents with a serene and tranquil living environment. Floor-to-ceiling windows flood the interiors with natural light, creating a bright and inviting atmosphere. Additionally, private balconies or terraces offer residents the perfect spot to relax and enjoy the picturesque surroundings.

In addition to the residential units, the property includes a versatile front shop space, ideal for a variety of commercial ventures such as a boutique store, café, or professional office. This commercial space adds another dimension to the investment potential of the property, providing an opportunity for additional income streams.

The property is meticulously maintained, with landscaped grounds and ample parking for residents and visitors alike. Additionally, it offers convenient access to nearby amenities, including shopping centers, restaurants, and recreational facilities.

Whether you're looking for a lucrative investment opportunity or a prestigious place to call home, this Marine Drive bluff property ticks all the boxes. With its unbeatable location, luxurious amenities, and potential for rental income, it represents a wise investment choice in the competitive real estate market.
Current rental income as follows:
Two bedroom apartments @R8000pm.
Three bedroom apartment @R11000pm.
Front shop @R30000pm.
Upstairs shop @R15000pm.

Property Reference #: RL28

Agent Details:
Sugen Vartharajulu
TME BAM Realty
70 Parsons Road
Bluff
4052

Id Subtitle 1277262743
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Estimated monthly repaymentR 146,301
Total property loan amountR 13,500,000
Total interestR 21,612,109
Total repaymentR 35,112,109
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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TME BAM Realty
Selling for 3+ months
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