Kensington Residential Investment FOR SALE!!!
It was once famously stated that only three things matter in property investment: Location, Location and Location. Both of the blocks of flats that we have on offer are very well located between JHB Central and Bedfordview; two outstanding nodes for employment and shopping at Eastgate and Bedford Centre. In addition, for the families there are very good schools in the area, with Jeppe Boys, Jeppe Girls and Jeppe Prep, and Queens being just around the corner. Rhodes Park, and a little further away Bezuidenhout Park and Giloolies Farm are excellent outdoor spaces for kids of all ages to run and play. Although Kensington is an “Old” suburb, continued investment over the years has seen properties well maintained and steadily increasing in value. Our offering is no different.
Both buildings were constructed in a time when enormous factors of safety and a lack of concern for size were incorporated into the architectural designs, resulting in very solid structures with large and airy rooms – the latter becoming ever more scarce in new residential projects – with an excellent mix of Bachelor, Single and Double – bedroomed units catering for a wide variety of tenant requirements. The natural woodblock flooring in both buildings is an added bonus: modern flats tend to have carpets which wear badly and stain, requiring regular replacement, or ceramic tiles which may chip or crack easily.
The main building has been constructed using face brick as an external cladding providing both a pleasing aesthetic appearance and an extremely durable finish resulting in minimal maintenance over time. Although there is a lift in the building, regular maintenance and light usage will ensure a long life for the installation. Variant water pressure problems have been resolved by pumping municipal water into tanks on the roof for a gravity feed to the flats. With its north-facing aspect and the height of the building above the surrounding dwellings, all flats are bright and airy with the upper floors having a great view out over the valley towards Mountain View and Linksfield Ridge.
Priced to go, opportunities like this seldom come to market - this one is not to be missed.
Area: 21 Units
Asking Price: R 8 500 000.00.
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