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.