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Turffontein, Turffontein, Johannesburg, Gauteng
R 1 300 000
Located on 15 Church Street, Turffontein, Johannesburg, Sectional Title Scheme Mang Court offers an opportunity to refurbish and let out this block of flats. Potentially a solid CASH COW with some investment. The building in its entirety comprises of 6 Three Bed Units plus a domestic at the back. The building is currently derelict and in need of a landlord with a vision for the property. Property highlights include: - GLA per unit 85m2 - MUNICIPAL DEBT R 1.019.354.28 - 6 × three bed units - 6 parking bays - flatlet - back entrance via a survetude - vacant occupation - management required once referbushed - unit layout allows for 3 bed configuration - potial income per unit r 6500.00 or r 2166.66 per room - total potential income r 39000.00 PER MONTH - GLA 663 m2 +/- - SECTIONALIZED - EASY ACCESS: KLIPREVIER DR; M1 HIGHWAY, SCHOOLS; MAJOR RETAIL- “THE GLEN “; TAXI ROUTE CONTACT AGENT DIRECTLY FOR ACCESS
Estimated monthly repayment
R 12 276
on a R 1 170 000 bond over 20 years at 11.25%
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Turffontein, Turffontein, Johannesburg, Gauteng
Listed by
Sizwe Erasmus
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