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Sunset View, Sunset View, Newcastle, KwaZulu-Natal
R 3 250 000
Rental Investment Opportunity – 4-Unit Complex This well-maintained complex offers an attractive investment opportunity with four rental units, providing a diverse income stream. The property consists of two distinct types of units: two 2-bedroom apartments and two bachelor flats. Below are the key features: Unit Breakdown: 1. Two 2-Bedroom Units • Bedrooms: 2 spacious bedrooms with built-in cupboards. • Bathroom: 1 bathroom with a shower, toilet, and washbasin. • Living Area: Open plan kitchen and lounge area. • Kitchen: Fitted cupboards in the kitchen for storage and meal prep. • Parking: Dedicated carport space for each tenant. • Additional Features: Well-designed layout maximizing space and light for a comfortable living experience. 2. Two Bachelor Flats • Living/Bedroom Area: Open plan living/bedroom space. • Kitchen: Small, functional kitchen area with basic amenities. • Bathroom: Bathroom with a shower, toilet, and washbasin. • Parking: Carport space provided for each tenant. • Additional Features: Ideal for singles or couples seeking a compact, low-maintenance living arrangement. General Property Features: • Carport: Each tenant has a designated carport space. • Location: Conveniently situated near essential amenities such as public transport, schools, shops, and recreational areas. • Maintenance: Well-maintained complex with an established tenant base. • Security: Secure, quiet neighbourhood ideal for both families and individuals. Investment Potential: • Diverse Tenant: With two 2-bedroom units and two bachelor flats, the complex attracts a variety of tenants, including families and singles. This allows for a stable, diversified income stream. • Stable Cash Flow: Ideal for long-term rental income, providing consistent cash flow for investors. • Appreciation Potential: Located in an area with potential for property value growth, the complex offers both immediate rental returns and long-term capital appreciation This 4-unit rental complex presents a solid investment opportunity in a sought-after location, offering both a steady income and room for future growth. Contact us for more details or to schedule a viewing.
Estimated monthly repayment
R 30 691
on a R 2 925 000 bond over 20 years at 11.25%
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Sunset View, Sunset View, Newcastle, KwaZulu-Natal
Listed by
Hendrik Swanepoel
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