This well-maintained apartment building is located in the heart of Evander and offers 38 residential units. This apartment block enjoys the benefit of being centrally located near schools, various shopping centers, medical facilities, Sasol and mines in the area, and all amenities.
Evander is a town located approximately 8 km northwest of Secunda and is easily accessible via a network of main routes which includes the N17 and R546 and allows easy access to all surrounding areas such as Kinross and Embalenhle.
This property is well-kept and has been successfully operated for years with many long-term tenants. This makes it an excellent investment with great income potential in an area with a high demand for affordable accommodation.
The property consists of a four-storey building with spacious apartments. There are 38 parking spaces on the ground floor and an open plan 2-bedroom apartment, and a 3-bedroom apartment with its own garden and braai area. The 1st, 2nd, and 3rd floors each have 12 apartments with balconies.
There is ample secure covered parking on the site with access control at entrances.
The monthly levy is ±R500.00 p/m per unit. Electricity is a pre-paid system (for the tenant’s account).
As the seller owns the entire complex, there is not a sectional title register or a HOA.
Property Description
GROUND FLOOR
- 38 Parking Spaces
- 1 x 2 Bedroom Apartment
- 1 x 3 Bedroom Apartment with own garden and braai area
FIRST FLOOR
- 1 x 1 Bedroom Apartment
- 10 x 2 Bedrooms Apartments
- 1 x 3 Bedroom Apartment
SECOND FLOOR
- 1 x 1 Bedroom Apartment
- 10 x 2 Bedrooms Apartments
- 1 x 3 Bedroom Apartment
THIRD FLOOR
- 1 x 1 Bedroom Apartment
- 10 x 2 Bedrooms Apartments
- 1 x 3 Bedroom Apartment
