Hospital View, Tembisa, Gauteng
R 5,900,000
28 Beds | 25 Baths | 867 m² Floor | 1,090 m² Land
Maximise your returns: 28-unit income property in Tembisa Hospital View
28 Unit Income-Generating Investment – Hospital View, Tembisa
Asking Price: R5,900,000
Serious investors, this one is for you.
This fully occupied block offers 28 rental units, all secured with 1-year lease agreements. The property has approved commercial zoning and is built on two consolidated stands.
Perfectly positioned near Tembisa Hospital and Zamokuhle Hospital, ensuring high tenant demand and consistent occupancy.
Financial Overview:
Gross Monthly Income: ± R80,000
Estimated Municipal & Utilities: ± R32,000
Estimated Net Before Maintenance: ± R48,000
Annual Net Income: ± R576,000
This is a strong cashflow property, generating income from day one.
The property is in medium condition with minor improvements needed but remains fully tenanted due to its prime location.
Ideal for investors looking for long-term rental income and solid returns.
Full rental schedule and municipal statements available for serious buyers.
Contact me today for a private viewing and detailed financial breakdown.
Key Details
Reference LFKP-2968
Listing type Sale
Property type House
Listing zone Residential
Suburb Hospital View
City Tembisa
Province Gauteng
Rates R 5,749
Property Details
Bedrooms 28
Bathrooms 25
Open parking 13
Floor area 867 m²
Land size 1,090 m²
Paved yard Yes
Balcony Yes
Kitchen Yes
Laundry Yes
Lounges 1
En-suite bathrooms 10
Reception Yes
Smoking Allowed Yes
Pets allowed Yes
Dining areas 1
Entrance hall Yes
Built-in cupboards Yes
Pre Paid Electricity Yes
Finance
Bond Calculator
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