Investment Opportunity, Complex with 60 Residential Units - Meyerton

PROPERTY ADDRESS: IKAMVULETHU GARDENS, 231 BLESBOK STREET, HIGHBURY, MEYERTON, GAUTENG

Auctioneer's Note:
Rare opportunity to acquire Ikamvalethu Gardens, a 60-unit income generating residential investment offering excellent rental income potential.

Total Extent: ± 4,9382 ha

Gross Potential Rental Income: ± R5,382,000 p/a (Vat Incl.)

Improvements: 

Guard house (at main gate) 

Solar panel plant 

60 Units (±90m² each) in the complex. 

Each unit consist of: 

• Open plan kitchen with lounge
• 3 bedrooms 
• 2 bathrooms (1 en-suite) 
• Small patio opening to small lawn 
• 1 lock up garage