Apartment / flat for sale in Polokwane Central

The apartment complex is centrally located near educational institutions, such as UNISA and Capricorn College for TVET, all Government institutions and the Court. Incredible investment opportunity! There are a total of 18 Units (totaling 32 rooms), consisting of: 1 bedroom, 1 bathroom Each unit has a kitchen with a stove as well as one bathroom. The complex is rented by one tenant who has a rental contract in place until February 2026. The rental income is R150 000 per month, with an escalation of 10% per annum. The current tenant is responsible for the maintenance until the lease expires. All of the apartments have individual prepaid water and electricity meters, and either a balcony or stoep. The complex is secure with palisade fencing and an electrical fence around the perimeter. There are two vehicle access gates and one pedestrian access gate. Communal areas include: * Underroof entertainment area * Laundry area * Office The seller is not a registered VAT Vendor, so Transfer Duty is payable. Don't miss this opportunity. Contact us today for your property needs! *** At Simply Properties, we pride ourselves on providing personalized service to each one of our clients. Our team of experienced agents is committed to helping you find the perfect property, whether you're looking to buy or sell. With our extensive knowledge of the local market and our dedication to customer satisfaction, we are confident that we can help you achieve your real estate goals. Contact us today to learn more about how we can assist you.***