Fully let flats ensure a steady income

AN excellent investment opportunity will be presented by Van’s Auctioneers when it auctions two blocks of flats in Groblersdal on Thursday.

The property, at 18 Tautes Avenue in Groblersdal, features two buildings, one of which is a double storey.

The double-storey building has 11 two-bedroom flats, each with a bathroom, living room and kitchen.

It also has a storeroom and staff ablutions.

The other building on the property features a threebedroom flat with two bathrooms, a TV-room, lounge and kitchen, as well as 12 onebedroom flats and a bachelor’s flat with bathroom and kitchen.

The zoning on the property is for Residential 3, and all services are in place.

The property is fully let with no vacancies at the moment and will be offered with existing lease agreements.

The property’s gross annual Income is about R1-million, and this steady income stream makes it an excellent investment opportunity.

The auction will take place onsite at 11am.

For more information contact Van’s Auctioneers on 086 111 8267, or visit www.vansauctions.co.za.