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Tenanted – 20 Sectional Title Units

Lupin Avenue Primrose
R8,000,000

Detail

Updated on August 6, 2020 at 11:03 am

  • Property Type: Apartment Blocks
  • Property Status: For Sale, Reduced Price
  • Income: R916 200 pa
  • GLA: 1300m²
  • Zoning: Residential 4
  • Extent : 1932m²

Additional details

  • Municipality : Ekurhuleni
  • Security : Controlled Access
  • Parking : Single Carport each

Description

The complex is offered for sale either as a transfer of 19 units or as a Sale of Share transaction to the common Shareholder.

The complex includes 19 Sectional title units; 15 two bedroom and 4 one bedroom.

The complex consists of a solid, face-brick structure which is well maintained with very little maintenance required. The ground floor units have small garden’s which inter-lead.
All units have fitted kitchens, built in cupboards and tiled floors throughout.
IBR sheeting with aluminium gutters provides roofing to the units and carports.
Each unit is allocated a single carport, the driveway and common area’s are paved, with established gardens.
Electricity is supplied through a bulk meter, the individual units have their own meters.
Water is supplied at a fixed rate.
Located near the gate is a small store-room with a staff ablutions.
Controlled access to the property is gained through an electric sliding gate. Secured electric fencing and armed response.
Currently there is no Body Corporate and the accounting is controlled by the registered company and shareholders.

 

Additional Information

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