Property description

Prime Income-Generating Property in Morningside

An exceptional investment opportunity located in the heart of Morningside, this property offers high rental returns and long-term investment security.

Financial Overview:

• Monthly Rental Income: R162,500
• Annual Rental Income: R1,950,000
• Occupancy: Fully tenanted, ensuring a lucrative and stable asset.

Property Features:

Residential Units:

• 25 Fully Equipped Units - Each designed to accommodate 4 occupants, making it ideal for student or tenant accommodation.

Each Unit Includes:

• Fully Fitted Kitchen with modern appliances for convenience.
• Toilet & Shower with sleek, contemporary finishes.
• 4 Single Beds to maximize space efficiency.
• Porcelain Tiles for elegant, low-maintenance flooring.
• Fridge & Microwave to ensure essential amenities for tenants.

Modern Amenities & Security:

• Capacity for 100 Tenants - Perfect for student housing or shared accommodation.
• CCTV & WiFi - Providing security and seamless connectivity.
• On-Site Parking - Space available for 12 vehicles.

Commercial Spaces:

The ground floor includes a salon and massage studio, adding an additional stream of income.

Pricing:

• Price Excludes VAT

Take advantage of this remarkable investment opportunity—ideal for long-term financial growth and stability.