Property description

A solid income-producing property for the serious investor! 

If your objective is to acquire a fully tenanted commercial/residential investment with established income from day one, this Forest Hill property deserves your attention. 

Positioned on a 495sqm stand in a quiet cul-de-sac, this well-maintained face-brick building comprises 6 x one-bedroom apartments, all currently tenanted. 

The face-brick construction offers the added benefit of being a low-maintenance investment, while the existing long-standing leases provide income stability. 

THE PROPERTY CONSISTS OF 6 × 1 BEDROOM APARTMENTS 

Each apartment offers: 

1 Bedroom 

Spacious Lounge 

Fitted Kitchen 

Bathroom with bathtub, toilet and basin 

LAYOUT 

4 apartments face the main road 

2 apartments face the rear of the property 

Each unit has prepaid electricity and an individual water meter. 

PARKING 

The property has 4 front parking bays, currently charged at R120 per bay per month. 

THE NUMBERS THAT MATTER 

CURRENT GROSS RENTAL INCOME 

Plus/minus R30 600 per month 

CURRENT NET MONTHLY INCOME 

Plus/minus R22 600 

CURRENT NET ANNUAL INCOME 

Just over R271 000 per annum 

The property's recoverables include: 

Sewer 

Refuse 

Water 

Common-area costs 

Landlord expense: Municipal rates 

TENANCY 

Fully tenanted

Long-standing leases in place

Established rental income

Multiple income streams from 6 separate units 

LOCATION 

The property is situated in Forest Hill, conveniently positioned in a cul-de-sac and just a stone's throw from a public transport routes. 

The surrounding area offers easy access to everyday amenities, including: 

Schools 

Kindergarten schools 

Worship facilities 

Public transport 

Shops and other essential services 

WHY THIS INVESTMENT STANDS OUT 

R1 900 000 asking price
495sqm stand
6 income-producing one-bedroom apartments
Fully tenanted
plus/minusR30 600 gross monthly rental income

Plus/minus R22 600 current net monthly income
Just over R271 000 current net annual income

Face-brick, low-maintenance construction

Prepaid electricity per unit

Individual water meters

Long-standing leases

Established recoverables

4 additional parking bays generating rental income 

THE INVESTOR'S OPPORTUNITY 

This is not a property where you have to start from scratch, find tenants and build the rental base. 

The income-producing structure is already in place. 

For the investor seeking a fully occupied, established and relatively low-maintenance rental asset, this Forest Hill property offers a compelling combination of multiple units, diversified rental income
and established tenancy. 

R1 900 000 - serious investors are invited to view. 

Contact me today to arrange a viewing and discuss the investment opportunity.