Investment property for sale in Grahamstown
Residential gated complex within walking distance to Rhodes University for sale.
The property comprises of a total of 57 units consisting of 1, 2 and 3 bedrooms units.
The total monthly income is approximately R330 000.
The complex is fully fenced with electric fencing.
The complex offers on-site parking for all the units, there are numerous braai areas, washing facilities an wifi.
All units are currently fully let.
There is approximately another 7000sqm of vacant land that could be developed for further cottages.
In addition there is an adjoining erf of approximately 27900sqm which is available for development and is included in the purchase price.
Financial and operating costs available on request.
Selling price R45 million plus VAT.
Communal swimming pool.
Communal garden area.
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