R 6 500 000 | Commercial Property for Sale in Morningside

Have you ever wanted to own your own building?

Soukop Property Group presents this amazing opportunity to purchase this 6 Unit apartment block at +-90m2 per Unit.

For the first time in 30 years this building is available on the market.

Currently at 100% occupation monthly turnover is +-R54 000pm. With only one unit to be vacated by 1 March 2025.

This building is the perfect opportunity to achieve high yields and with an intelligent renovation you could maximise profits by designing an AirBnb Building. Current Airbnb daily rates are R 1400per day for a 2 bedroom.

This building is currently divided as follows:-

UNIT 1:
• R700 per day (Sub-lease - Month to Month)
• Water Paid by Participation Quota
• Electricity Pre-paid
• 2 Bedroom (Converted Lounge to 3rd Bedroom)
• Kitchen
• Dining Room
• 1 Bathroom, Separate toilet
• 2 Secure parking spaces

UNIT 2:
• R700 per day (Sub-lease - Month to Month)
• Water Paid by Participation Quota
• Electricity Pre-paid
• 2 Bedroom (Converted Lounge to 3rd Bedroom)
• Kitchen
• Dining Room
• 1 Bathroom, Separate toilet
• 2 Secure parking spaces

UNIT 3:
• R700 per day (Sub-lease - Month to Month)
• Water Paid by Participation Quota
• Electricity Pre-paid
• 2 Bedroom (Converted Lounge to 3rd Bedroom)
• Kitchen
• Dining Room
• 1 Bathroom, Separate toilet
• 1 Garage Automated

UNIT 4:
• R9 000 per month (1 Year lease - Initiated Feb 2025)
• Water Paid by Participation Quota
• Electricity Pre-paid
• 2 Bedroom (Converted Lounge to 3rd Bedroom)
• Kitchen
• Dining Room
• 1 Bathroom, Separate toilet
• 1 Garage Roll-up

UNIT 5:
• R9 000 per month (1 Year lease - Initiated Feb 2025)
• Water Paid by Participation Quota
• Electricity Pre-paid
• 2 Bedroom (Converted Lounge to 3rd Bedroom)
• Kitchen
• Dining Room
• 1 Bathroom, Separate toilet
• 2 Secure parking spaces

UNIT 6:
• R9 000 per month (1 Year lease - Expiring 28 Feb 2025)
• Water Paid by Participation Quota
• Electricity Pre-paid
• 2 Bedroom (Converted Lounge to 3rd Bedroom)
• Kitchen
• Dining Room
• 1 Bathroom, Separate toilet
• 2 Secure parking spaces

Don’t miss out! Make contact to book your exclusive viewing.