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Vereeniging Central, Vereeniging Central, Vereeniging, Gauteng
R 3 000 000
Block of flats for a good investment and good returns. Rental income of +- R36 440.00 for all the flats in this block after all the expenses have been paid. Situated in the heart of Vereeniging, close to schools, work places and public transport is a walking distance. This Complex offers 24 flats, 4 is privately owned, so on the market is 20 apartments in a well secured and maintained building. Each apartment has got its own electricity meter. It offers main gate entrance for all vehicles. Apartments situated on the front of the complex have their own parking's and gates. Some apartments offers 2 bedrooms and some offers 1 bedroom, spacious living rooms, 1 bathroom in each apartment. The yard is fully paved and is well taken care of. Each flat consist of built-in cupboards, basin, stove, open-plan lounge and dining room,1 bedroom with Bic, bathroom with bath tub and basin. Each flat has a tenant with a 1 year contract that is signed, a deposit has been paid as well. The apartments are ideal for bachelors, small families or students. Franchise of Leapfrog Property Group (Pty) Ltd Registered with the PPRA
Estimated monthly repayment
R 28 330
on a R 2 700 000 bond over 20 years at 11.25%
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Vereeniging Central, Vereeniging Central, Vereeniging, Gauteng
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Fair-value check
Priced highPriced 502% above comparable 3-bed apartments for sale in Vereeniging Central
Based on 15 comparable listings
A market signal from comparable listings — not a formal valuation.
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