Extraordinary investment opportunity

Ref # 2092865
R8,975,000
Property Details
7 Beds
7 Baths
286m²

Converted from an expansive house into a small block of apartments by one of Cape Towns' most creative architects, this property is a fantastic income generator for any property investor. Located in the very heart of Green Point, the property is within walking distance of all popular shops and restaurants

The gross rental income is above R 1.5m per annum, which leaves

an investor with a net return (after deduction of all fees and the property management cost) of approximately R 1 100 000.

The sectional title scheme consists of the 5 sections, that are currently utilized as 7 separate short-term rental units:

SECTION NO.

1 = 29 sqm

2 = 36 sqm

3 = 42 sqm + 7 sqm courtyard

4 = 41sqm + 7 sqm courtyard

5 = 81 sqm + 43 sqm balconies

Total space: 286 sqm

This is a rare opportunity, not to be missed!

Exclusive mandate.

Property Features
Property Type
House
Bedrooms
7
Bathrooms
7
Floor Size
286m²
Living Area
6
Costs and Terms
Rates & Taxes
±R1,950.78
Moving costs
Additional Information
Grade
C3
Extra Links
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About Green Point
If you are a young professional, wanting property in a trendy suburb in Cape Town, you will feel at home in the elegant houses and apartments for sale in Green Point.
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