Investment property on auction
Entire sectionalised residential complex of 16 apartments on auction
Description of property:
16 x apartments in total
6 x 1 bedroom apartments
10 x 2 bedroom apartments
Spread over two double story blocks
14 Open parking bays in the middle of the complex which are paid for separately by the tenants.
A typical apartment consists of bedrooms, bathroom, kitchen, lounge and balcony
Access from Galway St & King St
Registered as a sectional title scheme
Rental income of +/- R40,000 per month
Mostly let with minimal vacancies
With 100% occupancy rental potential rental income of +/- R50,000 per month
(Further details on income and expenses are available on request)
Electricity, water & sewage are recoverable from the tenants
Town planning
Zoning – residential 4
Height – 3 Stories
Coverage – 60%
Auction date & time: Wednesday 15 November 2017 at 12:30pm
Property address: Broadway Mansions, 25 Galway St, South Germiston
Auction venue: AuctionInc, Thrupps Centre, 204 Oxford Rd, Illovo (Sandton)
Send an enquiry to receive more information on the property and the auction.