INCOME PRODUCING PROPERTY GENERATING R420,000 P/A 12 SEP APARTMENTS

The property consists of 12 separate apartments ranging in size.

• 2 × 24m² Apartment: Currently being rented @ R 2,500
• 6× 30m² Apartment: Currently being rented @ R3,000
• 3 × 40m² Apartment: Currently being rented @ R4,000
• 1× 30m² Apartment is not occupied which brings in R3,000.

Currently 10 Apartments are occupied bringing in a rental income of R32,000.