Townhouse For Sale in Bloubergstrand, Cape Town

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Asking Price : R 16 000 000 (1 000 000 EUR*)

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Province:Western Cape City:Cape Town Suburb:Bloubergstrand Bedrooms:3 Bathrooms:2 Garages:1 Floor Size: ± 110m2

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    Agent : Leon Le Roux

     +27 (0)61 481 9038
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Prime residential investment portfolio consisting of 8 duplex townhouses, with a total extent of 2008m².
The property is well designed, well-built and has been maintained to a high standard. These units offer quality finishes with sliding aluminium windows and doors throughout with views of Table Mountain.
The garage has direct internal access into the townhouse offering good security. Good-sized living areas and large bedrooms give the townhouses a spacious living experience. The development is fully walled with controlled automated entrance gate. Security burglar bars fitted to all opening windows and security slam gates to all opening entrance doors and sliding window. Alarm systems fitted throughout.
The 8 townhouses are all fully rented with a minimum 1-year Lease. There is a 12% rental escalation clause in the Leases.
Each townhouse comprises of the following accommodation: -Tiled entrance -Three bedrooms all with BIC’S -Main en-suite bathroom -Family bathroom -Kitchen -Hallway -Lounge and Dining room -Single garage with direct access to townhouse -Private garden with patio to each townhouse -Ample visitors parking -Floor space area 110 m² per townhouse -Rates and taxes in total R 60 000 per annum -2018 Dec Rental Income R 11 500 pm x 8 units = R 92 000 pm
This Property is registered as a close corporation company with one member. No sectional titles register on the property.