Verified Listing
Posted on September 22, 2020 / 100
Price : R14,000,000
Listing Type : Property Portfolio
Location : Cape Town
Ref. No : 2654
Year Established : 1990
Turnover : R 100 000 pm
Expenses : R 15 000 pm
Net Profit : R 85 000
Erf Size : 2008 sqm

Prime Residential Property Investment for sale. The development consists of 8 duplex townhouses. The development is fully walled with controlled automated entrance gate. The townhouses have separate walled private gardens. Security burglar bars fitted to all opening windows and security slam gates to all opening entrance doors and sliding window. Alarm systems fitted in all townhouses.

Total Monthly Income R100,000pm.
Expenditures R10,000pm.
Erven size 2008 sq metres.
Floor space area 110 sq metres per townhouse.
The 8 townhouses are all fully rented.

The property is owned by a (Pty) Ltd. Latest Statutory Accounts for the company available as at 28 Feb 2020.

* Yaseen Omar – Cape Town S.Suburbs