Excellent Investment Opportunity in Walvis Bay – Fully Owned Block of Flats
Property Overview:
Location: Prime town area of Walvis Bay
Ownership: Single-owner complex, all units registered in private name
Size & Layout:
Erf: 1250 m2 with 70% allowable coverage (actual coverage at 48%)
Paved Driveway: 635 m2
Total Units: 7 dwellings, totaling 490 m2 internal floor space
Garages: 154 m2 collective
Unit Details:
Flat 1: Double-story, 2 BIC bedrooms, 1 bathroom, spacious kitchen & living area, single garage
Flat 2: Single-story, 1 BIC bedroom, 1 bathroom, modern kitchen, cozy living space, single garage
Flat 3: Single-story bachelor flat with private garage
Flat 4: Single-story, 1 BIC bedroom, 1 bathroom, modern kitchen, inviting living area, single garage
Flat 5: Single-story, 2 BIC bedrooms, 1 bathroom, fully equipped kitchen, welcoming living space, single garage
Flat 6: Single-story, 2 BIC bedrooms, 1 bathroom, contemporary kitchen, relaxing living area, single garage
Flat 7: Double-story, 2 BIC bedrooms, 1 bathroom, stylish kitchen, comfortable living area, single garage
Features & Finishes:
Practical layouts with tiled, carpeted, laminated, and wooden tiled floors
Fitted kitchens with built-in cupboards and rhino board ceilings
High-quality finishes, steel & wooden window frames
Security features include individual alarms and boundary walls
Fully paved, secure complex with remote gate access
Property is in excellent condition and on street level
Financial Highlights:
Current Rental Income: N$ 40,000 per month
Asking Price: N$ 5,250,000 (VAT not applicable)
Potential for strong rental yield and capital appreciation
This is a rare opportunity to acquire a well-maintained, fully occupied residential complex in a desirable location with steady income and future growth potential. Whether you’re an investor or looking to expand your property portfolio please contact me for more information.
To arrange a viewing, please give me a call.
Only pre - approved Clients.
