An affordable investment with rental income from day one!
N$430,000
An excellent opportunity to secure an income-generating property in Uuhamba, a sectional title residential complex situated in Mondesa, Swakopmund.
These well-maintained one-bedroom apartments offer practical, low-maintenance living and are ideal for investors looking to enter the Swakopmund property market at an affordable price.
Each apartment offers:
- One bedroom with built-in cupboards.
- Open-plan lounge and fitted kitchen.
- Kitchen fitted with granite countertops, stove and oven.
- Bathroom with shower, basin and toilet.
- Porcelain floor tiles.
- 150L geyser.
- Prepaid electricity and smart water meters.
- DStv connection.
- Secure courtyard with washing line.
Investment details:
- Asking price: N$430,000
- Size: 41m2
- Current rental: N$2,000 – N$2,750 per month
- Average rental: N$2,500 per month
- Gross rental yield: Approximately 7%
- Three units available.
An additional attraction is the potential to expand the living space by adding a mezzanine floor, subject to the necessary approvals. The structure has been designed to accommodate this addition.
Location
Conveniently situated in Mondesa, with easy access to the industrial area and Mondesa business centre, making it an attractive location for tenants working in the surrounding area.
Whether you are a first-time property investor or looking to expand your existing portfolio, this is an opportunity worth considering.
