R9,000,000 | 616m² Apartment Block For Sale in Salt River

This prime investment opportunity offers 18 fully tenanted studio apartments, generating a stable monthly rental income of R90,000. With operating expenses at R20,000, the property nets a robust R70,000 per month, making it an attractive addition to any investment portfolio. The property boasts General Business 5 zoning, allowing for various redevelopment opportunities, ideal for investors looking to increase bulk and maximize returns. Situated in a desirable location with high demand for affordable rental properties, it ensures long-term tenant occupancy and rental growth potential. Whether you're a seasoned investor or new to the market, this offering combines immediate rental income with significant redevelopment possibilities, presenting a rare opportunity to enhance your portfolio with a property that promises both solid returns and future growth.