Street view
Save
Notify Similar
R15,500,000

Apartment for sale in Kloofendal

87 Veronica Street, Villa Pax, 6a
1 Garage
5,485m²
Reduced
Apartment Building For Sale

Investors, Discover a Prime Opportunity in Kloofendal, Roodepoort!

Presenting a fantastic investment opportunity: an apartment block consisting of 35 apartments, ideally located in the sought-after suburb of Kloofendal, Roodepoort. This property promises substantial rental income and long-term growth potential.

Key Investment Highlights:

Location, Location, Location: Situated close to the bustling Clearwater Mall Shopping Centre and with easy access to Roodepoort and Randburg, this apartment block is positioned in a high-demand rental area, ensuring a steady stream of potential tenants.

Stable Rental Income: With 35 apartments available, investors can expect a consistent and reliable rental income. The existing demand for rental properties in this well-established neighborhood adds to the attractiveness of this investment.

Appealing Amenities: The property features large communal gardens, offering tenants a tranquil and pleasant environment to relax and unwind. Lock-up garages provide secure parking, adding to the convenience and appeal for renters.

Value-Add Potential: While the apartment interiors are not modern, this presents an excellent opportunity for investors to add value through renovations and updates. Enhancing the interiors can significantly increase rental yields and overall property value.

Strong Rental Market: The proximity to major shopping centers, business hubs, and recreational facilities makes this property an attractive choice for a wide range of tenants, from young professionals to small families.

Why Invest Here?

High Occupancy Rates: The prime location and desirable amenities ensure high occupancy rates, maximizing your rental income.

Easy Management: The well-maintained communal areas and secure parking facilities make property management straightforward, allowing for a hassle-free investment.

Seize this exceptional investment opportunity in Kloofendal, Roodepoort. Contact us today to learn more about this property and how it can enhance your investment portfolio. Secure your future with a reliable and profitable asset!

Property Type
Apartment
Stand Size
5,485m²
Living Area
1
Garages
1
Rates & Taxes
R45,000
Garden
Yes
Reference
2263953
Pets Allowed
No
Address
87 Veronica Street
Property history
Listed for sale at R17,500,000
05 Jul 2024
Price reduced by 11.4% to R15,500,000
25 Oct 2024
Get to know Roodepoort
The sprawling residential area which is Roodepoort, offers an array of residential properties amid rolling hills and superb views of both city of Johannesburg to the east and Magaliesburg to the west.
By clicking on "contact" you agree to our privacy policy
Contact Agent
MP home loans expert Michael-Anne
Get expert home loan assistance with Michael-Anne
Ask me a question
What will my building insurance cost?
Get an instant building insurance quote for this bedroom property in Kloofendal
Get my price
Cover powered by
Authorised FSP
What will my move cost?
Calculate your moving costs to Kloofendal with the help of our moving partners.
Get quotes
Moving powered by
Property questions?
Get quick answers about buying, selling, renting, and more from our AI powered real estate bot