**WILL BE SOLD COLLECTIVELY**
20 Apartments located in Embalenhle close to Mall @ Emba Shopping Centre, Ekhaya Mall, near various schools, and only 10 minutes from Secunda.
Sasekane complex offers affordable and secure accommodation in the heart of Embalenhle in a prime location central to all amenities.
This property has been successfully operated and run by a corporate entity for years, offering accommodation at a discounted rate to their staff. Renting these apartments to private individuals will generate a much higher (market-related) rental income per month as there is a great demand for affordable accommodation.
Each apartment consists of a bedroom, bathroom, lounge / kitchen. All the apartments have their own designated garage.
There is a guardhouse with security personnel and an access gate.
Rates & Taxes Estimated: R2 430.00
Property Description:
20 APARTMENTS (8 x Single Storey Buildings)
− APARTMENTS:
o 20 x Spacious 1-bedroom Apartments (Kitchen, Lounge, Bedrooms & Bathroom).
o Each apartment has its own designated garage.
o Communal braai and relaxation areas.
− The whole facility is fully enclosed with remote access control.
CURRENT INCOME
− All current leases are on a month-to-month basis.
− Water is included in the monthly rental.
− Electricity is pre-paid for each apartment.
− One-bedroom Apartment: R 3 300.00 per month (20 units)
CURRENT RENTAL INCOME:
|
Units |
Description |
Unit Rent p/m |
Total |
|
20 |
1 Bedroom Apartment |
R3,300.00 |
R66,000.00 p/m |
|
ANNUAL RENTAL INCOME |
R792,000.00 |
||
MARKET-RELATED RENTAL INCOME POTENTIAL:
|
Units |
Description |
Unit Rent p/m |
Total |
|
20 |
1 Bedroom Apartment |
R4,000.00 |
R80,000.00 p/m |
|
POTENTIAL ANNUAL RENTAL INCOME |
R960,000.00 |
||
