R2,300,000
R2,300,000
10 bedrooms10 bathrooms6 parking baysBuilding 50 m²Energy supplies: EskomWater supplies: Council Supply
Expenses
Rates and Taxes:
R2,330 per month
Security complex home for sale in Boksburg
Investment Opportunity: 500 M² Somerset Flats – Prime Block Property in Boksburg Central
Discover Somerset Flats, a secure and well-maintained residential complex perfectly situated at 25 Frere Street, Boksburg Central.
This promising investment offers a total of 9 spacious units, with 40% currently tenanted, ensuring potential rental income and growth in the CBD.
All documentation and rental rolls are in order, making this a hassle-free acquisition.
Property :
Total Units: 9
Unit Mix:
6 x 2-Bedroom Units (40 m² each, Valued at R270,000)
1 x 2-Bedroom Unit (47 m², Valued at R310,000)
1 x 1-Bedroom Unit (104 m², Valued at R600,000)
1 x 2-Bedroom Unit (54 m², Valued at R350,000)
All Units Include: 1 Bathroom, Kitchen, Lounge, and Dedicated Parking Space
Current Occupancy: 40% Tenanted and Under Renovations.
Complex Features: Secure, well-kept, and located in a peaceful, desirable neighbourhood.
Somerset Flats is an excellent opportunity for property investors seeking a solid return in a growing urban area, with prominent schools within the vicinity.
Ideal for expanding your rental portfolio or entering the real estate market with an income-generating asset.
Don't miss outsecure your piece of Boksburg today.
For rental roll and additional documentation, contact us directly.
Listing details
Other features
- Walls
- Plastered walls
- Windows
- Aluminium, steel windows
- Boundary
- Fence, palisade fence, wall boundary
- Garden
- Low maintenance
- Security
- Complex security burglar bars
- Other
- Geyser, geysers, plans, prepaid electricity and road access
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