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R35,000,000 | 8 Bedroom Apartment Block For Sale in Green Point

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R35,000,000

Monthly Bond Repayment R343,575.18
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

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Monthly Levy
R1
Monthly Rates
R11,000
Sectional Title Levy
R1
Special Levy
R1

Entire 7 Unit Building For Sale - Investors Dream

Seldomly does an opportunity to own an entire block on the Atlantic Seaboard come up.
A modern building tenanted and ready for investment and ready to unlock more potential.

Zoning: GR4 Zoned
Erf Size: 598m2
Units already sectionalized

Building consists of:
2x Garden Open 1 bedroom, 1 Bathroom
4x 1 Bedroom, 1 bathroom apartment
1x 2 Bedroom Penthouse apartment
8 Parking Bays

Current Rental Opportunity: R153 904,36
Airbnb Potential with earning potential of up to R330k - R350k a month on 70% occupancy
Great Views

Asking Price: R35 000 000,00
Rental Schedule on request.

Features

8
8
Pets Allowed
Yes
Interior
Bedrooms
8
Bathrooms
8
Kitchen
7
Reception Rooms
14
Furnished
No
Exterior
Security
No
Parkings
8
Pool
No
Scenery/Views
Yes
Sizes
Floor Size
519m²
Land Size
598m²
Extras Air Conditioner; Open Plan Kitchen; Penthouse; Bath, Toilet and Basin; Cul-de-sac
1
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