Enjoy reliable rental returns in desirable Grysblock, steps from amenities and transport. Two adjacent erven configured for high-yield rentals or student hostel; nine bedrooms and ten bathrooms.
Attention investors! This unique property located in the desirable Grysblock area presents a remarkable opportunity for steady rental income and long-term appreciation. Comprising two adjacent ervens on a generous 562 square meter plot, this property is ideal for those looking to capitalize on the robust rental market, including options for a student hostel.
Each erf is thoughtfully designed to maximize rental potential. The first erf features four spacious bedrooms, each equipped with kitchen space, complemented by three shared showers and two toilets. The second erf offers five bedrooms, also with kitchen facilities, with similar shared amenities of three showers and two toilets. This setup ensures convenience and comfort for tenants, making it a highly attractive living arrangement.
Currently registered under a Close Corporation (CC), this property generates a substantial rental income of N$18,000 per month. With such a solid return, this is a bargain for investors seeking a secure monthly income stream.
Don't miss out on this fantastic investment opportunity. For more information or to schedule a viewing, please contact Claudia at 0812781731.
Secure your future with this promising property today!
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at N$1,600,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 191 listings in Windhoek (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
191 similar listings
High similar-home inventory town-wide (Windhoek)
Median time on market: 95 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Katutura is a vibrant, culturally rich, and historically significant township that offers residents a strong sense of community and convenient access to essential services within the heart of Windhoek.
* Distances and amenities are approximate.