A solid property investment with an existing tenant and rental income from day one!
N$750,000
Looking for an investment property in Swakopmund with an established rental income?
These spacious two-bedroom apartments in Uuhamba, Mondesa, offer an excellent opportunity to acquire a sectional title property in an established residential complex.
Each apartment offers comfortable, practical accommodation with the added benefit of its own single garage – an attractive feature for tenants.
Property features:
- Two bedrooms with built-in cupboards.
- Open-plan lounge and fitted kitchen.
- Kitchen with granite countertops, stove and oven.
- Bathroom with shower, basin and toilet.
- Private single garage.
- Porcelain floor tiles.
- 150L geyser.
- Prepaid electricity and smart water meters.
- DStv connection.
- Secure courtyard with washing line.
Investment details:
- Asking price: N$750,000
- Floor size: 75–76m2
- Current rental: N$3,500 – N$4,500 per month
- Average rental: N$4,033 per month
- Gross rental yield: Approximately 6.5%
- Six units available
An additional feature is the potential to increase the accommodation by installing a mezzanine floor, subject to the necessary approvals. The existing timber cross-beam structure is designed to accommodate this addition.
Location
Uuhamba is conveniently positioned in Mondesa, close to Swakopmund's industrial area and Mondesa business centre. Its location makes it particularly appealing to tenants working in the surrounding commercial and industrial areas.
A practical, income-generating investment with the added security of an existing tenant and a private garage.
