Investment opportunity - Block of flats in Brooklyn

R 10,900,000

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1 month ago59 views
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General Details
Description
This mixed use opportunity is located on Koeberg Road in Brooklyn. The building is fully tenanted and offers 13 apartments (3 x 1 bedroom units & 10 x 2 bedroom units) and 3 shops on the ground floor facing Koeberg Road.
The location offers convenience to tenants in terms of access to public transport, schools and shops. The high visibility location and constant flow of traffic and pedestrians ensure that the businesses have a regular source of revenue offering everyday commodities.

The apartments are spacious with a mix of 1 bedroom and 2 bedroom units. The overall condition of the building is good with a automated gate to access the 10 parking bays and a secure gate for pedestrian access.

The building is managed by Steer & Co. and offers a good ROI.

Further details available on request.

Give me a call if you are interested in this opportunity.

Property Reference #: 106

Agent Details:
Obaydullah Samaai
Property City
55 Wiener Street, Vasco Estate, Goodwood, 7460

Id Subtitle 1267926624
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Estimated monthly repaymentR 118,125
Total property loan amountR 10,900,000
Total interestR 17,449,777
Total repaymentR 28,349,777
Interest rate at 11.75% for 20 years *
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