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30 Bedroom Apartment Block For Sale in Malvern

R16,000,000


Monthly Bond Repayment R173,393.13
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RL3682

Great investment opportunity

A great investment opportunity is now available in the sought-after Malvern area. The developer has created 12 x 3 bed, 2 baths, 2 parking units all with the exact layout and a generous apartment for himself on this property. This is a massive 3-bedroom apartment with excellent modern finishes. The complex is not sectionalised and has a great ROI for sectionalising and selling off the units individually or keep as is. The current rental yield is R100 000pm but not all units are currently occupied. The estimated rental income could be R1440 000pa. This is a must see for any consortium purchase or an individual looking to increase their property portfolio. This is one of 2 complexes for sale, the other being an 8-apartment complex in Umhlatuzana, Chatsworth.
Don't Delay to Call or WhatsApp me for more info regarding this rare deal.

Features

Bedrooms 30
Bathrooms 27
Recep. Rooms 14
Dom. Accom. 1
Study 1
Land Size 4,048m²
Carports/Parkings 24
Pool Yes

Agent Contact Details

Gladys Nkomo
Maxprop Durban - Letting and Sales

Cell 078 156 6794
Office (031) 2517300
WhatsApp Me

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