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R1,700,000 | 8 Bedroom Apartment Block For Sale in Kenilworth

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R1,700,000

Monthly Bond Repayment R17,837.35
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R1,866

Completed Apartment Block, 4 x 2 Bedroom Units with lock up garages, fully let!

Discover an exceptional freehold property offering four individual 2-bedroom apartments, each thoughtfully designed with pre-paid electricity for tenant convenience. This well-maintained, fully-tenanted building is situated between two streets—Leo and Turffontein—providing dual access and added flexibility.
Key Features:
Private Outdoor Spaces: Ground-floor units feature private front gardens, while the top-floor units boast charming balconies
Modern Conveniences: Four automated garages ensure hassle-free parking for tenants.
Spacious Interiors: Each unit boasts a large master bedroom, a sizeable second bedroom, a spacious lounge, a wide corridor, a cozy bathroom, and a well-appointed kitchen with a back door, ensuring comfortable and functional living spaces.
Security: The property is well-secured with razor wire fencing, providing peace of mind for tenants.
Enhancement Potential:
While the property is solid and fully tenanted, minor improvements could significantly enhance its appeal and rental yield.
Investment Value:
Kenilworth offers a blend of historical charm and modern-day convenience. This property presents a rare chance to invest in a fully tenanted, income-generating asset while enjoying the unique heritage of one of Johannesburg’s oldest suburbs.

Features

8
4
4
Pets Allowed
No
Interior
Bedrooms
8
Bathrooms
4
Kitchen
4
Reception Rooms
4
Furnished
No
Exterior
Garages
4
Security
No
Flatlet
4
Pool
No
Sizes
Floor Size
582m²
Land Size
511m²
1
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