24 Bedroom Apartment / flat for sale in KwaMevana

This property consists of 20 brand new studio flats with a separate shower, toilet and hand basin in four blocks of five rooms with each having a solar powered geyser above and separate electricity meters for each unit. These units bring in R2000 per month and it also has a main house bringing in R2500 per month plus four single rooms bringing in R1000 each. The income potential is therefore 20 X R2000 1 X R2500 3 X R1000 Totaling R45 500 with costs being mainly shortfall of electricity not recovered and rates etc of approximately R5 500 thereby netting R40 000 per month. Plans for a further 20 rooms have been submitted to Umgeni and are awaiting approval. These will be a double story on the road side of the existing buildings. Note: Selling price excludes VAT.

Kwamevana, Kwamevana, Howick, KwaZulu-Natal

Area view — the exact address is shared on enquiry.

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