Exceptional Investment Opportunity—Entire 56-Unit Residential Complex for Sale with tenants in place.

Unlock the potential of this exceptional investment property comprising a total of 56 thoughtfully designed apartment units, set on a generous 7,878 sqm erf within a secure, fully enclosed development.

This well-constructed complex features a balanced mix of unit types to attract a wide tenant demographic, ensuring consistent occupancy and strong rental income.

LAYOUT:

• 14 One-Bedroom Units: Housed in a dedicated double-story block with 7 units per level and covered parking (carports) conveniently located on the ground floor.
• 24 Two-Bedroom, One-Bathroom Units: Designed with practicality and comfort in mind, offering open-plan living and modern finishes with a lockup garage to appeal to young professionals or small families.
• 18 Three-Bedroom, Two-Bathroom Units: Each unit offers a spacious layout with a fully fitted kitchen and generous living areas with a lockup garage—perfect for families seeking long-term rentals.

Additional visitor parking bays are also available, ensuring secure and convenient vehicle parking. The expansive lot allows for open communal spaces within the perimeter walls, offering residents outdoor breathing room while maintaining safety and privacy.

FINANCIAL VALUE ADD POTENTIAL:

• Sectionalization: The sectional title registration is currently in process to enable increased rental income on the individual flats once their current leases expire – directly increasing revenue and cash flow.
• Capital Appreciation: Once the sectional title registration is complete, you aren't just buying an apartment block; you are acquiring individual units with a higher overall market value. This provides an immediate exit opportunity or refinancing opportunity at a much higher valuation.
• Location Value: Once the adjacent vacant land is developed, it could increase the micro-location's price-per-square-meter, which is not yet priced into the R29mil asking price.
• Reduced Expenses: This offer includes the option to appointed a new Management Agent at a reduced commission, cutting fees and expenses to further increase the bottom line from Day 1.
• Ultimately with lower expenses and higher revenue, net profits could increase on a property that is already very profitable.

HIGH-DEMAND LOCATION:

Situated in the heart of Secunda, the property taps into the massive rental demand generated by SASOL’s operations, which historically shows low vacancy rates.

Whether you're an experienced investor or looking to expand your real estate portfolio, this full-complex sale presents an outstanding opportunity for long-term capital growth and immediate rental yield.

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Apartment Block for sale in Secunda, 3600 m²