400m² Apartment Block For Sale in Mowbray

R8,000,000

Web Ref No CL3532

Apartment Block | Student rental investment | Close to UCT

Neat apartment block located close to UCT in Mowbray. This apartment block is fully let at the time of writing. It consists of 6 apartments, two of which are two-bedroom apartments between 42 and 44 m2 and 4 are three-bedroom apartments between 61 and 62 m2 with 1 garage and 4 parking bays. There is an opportunity to increase the rentals as they are currently under-market at R4250 per room. The property is zoned GR4 and has excess potential bulk to almost double the square metres (info available on request).

This apartment block is a quick walk to the main road making it convenient for the Jammie Shuttle to UCT. It is in a neat condition, and easy to run. It is currently sectionalized making for an easy sale to end users. Info pack available on request.