KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

Maitland – Tenanted block sells for R2.6m

ClareMart recently sold a fully tenanted four-unit block of flats in Maitland, for R2 649 240. The demand for rental accommodation in Maitland is constantly increasing, and investors in the buy-to-rent market have recognised that properties like these yield significant returns.

“The auction was well attended and commercial investors were determined to get their hands on this property. In this area, there is no shortage of tenants, which ensures good rental income,” said Andrew Edelstein, ClareMart New Business Manager.

For more information on upcoming auctions, contact Andrew Edelstein on andrewe@claremart.co.za, 021 425 8822 or 082 940 0478.