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R 1 695 000
Commercial Property for Sale in Forest Hill
17 Gabriel Road, Forest Hill, Johannesburg
Commercial Property for Sale in Forest Hill
17 Gabriel Road, Forest Hill, Johannesburg
12
6
6x2 Unit Apartment Block for Sale – Forest Hill, Johannesburg
A well-maintained, investor-friendly apartment building situated in a secure and convenient area of Forest Hill is now available for sale.
The property consists of 6 x 2 Bedroom apartments, each featuring: lounge and kitchen, Bathroom with bath, basin, and toilet
The building benefits from:
Secure parking for tenants
Pre-paid electricity in every unit
Sewerage and Refuse billed directly to tenants
Water consumption split amongst the tenants
Current Rental Income:
Each unit rents between R3700 and R4500 per month, delivering a total monthly rental income of approximately R24000.
This is a low-maintenance investment property with strong rental demand in the area.
The building is well looked after.
Expenses:
Rates and Taxes - R1988.49
Insurance - R1200
Managment - Suggested but Optional.
* Serious buyers only.
* Proof of Deposit Nessesary
* Viewing by appointment.
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