Sectional Titled Block Of Flats
R16 750 000


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Agent: André Van Niekerk
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Property ID: 5040293
Area Size: 1089m2
Bathrooms: 34
Kitchens: 30
Lot Size: 1600m2
Monthly Rates: 13 000
Internet Access: ADSL
Nearby Public Transport: Buss and Minibuss Taxi
Wheelchair Accessibility: No
Back-Up Water Supply: No
Floor Number: 4
Parkings: 20
Location: 51 Market Street, George Central, George, Western Cape, South Africa, 6529


With an ever-growing need for affordable accommodation in George, it is no wonder that this sectional titled block of flats is always in high demand. This rare opportunity in such a bustling busy area of George CBD does not come by often. Four street-front shops, two garages and thirty flats are all included in this sensible investment opportunity. An elevator, small laundry room, twenty under-roof parking bays, rooftop braai areas, and motorized gates all add colour to an already friendly community of tenants. This location is central, just around the corner from the George taxi rank and in the heart of the hustle and bustle. For a prudent investor with some keen management skills, this property makes sense due to its low-risk spread of tenants. There are a total of thirty-five sectional titled units all owned by the Seller. Twenty-nine are residential of which one is split into two separately lettable units bringing the total flats to thirty. Four sectional titled units are commercial shop units on the ground floor and two are garage units. I have more information to share with an interested and capable investor. Please note that no sectional titled unit is for sale separately as this is a package deal.