- 7
- 2
- 1
- 258 m2
- 347 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
Affordability Calculator | Bond Costs Calculator | Bond Repayment Calculator | Apply for a BondBond Calculator
Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Mun. Rates & Taxes: ZAR 2500.00
Property description
Introducing a high income investment opportunity in a good location within PE Central. This 7-bedroom property is a potential goldmine for the savvy investor, and is sold fully furnished. The main dwelling consists of 4 double bedrooms, and 2 singles. The flatlet has 1 bedroom with potential for 2 more.
HIGH RETURN ON INVESTMENT: With a monthly income of R24 300, this property offers an impressive return on investment. The nett income after all costs (rates, water, internet, cleaning) is approximately R18 500 monthly. The electricity is pre-paid, and for the tenants’ account.
MULTI-TENANTED: The property is multi-tenanted all year, with leases in place. This spreads the risk and ensures a steady income stream.
GOOD LOCATION: The property is conveniently located close to transport routes, and is well positioned directly opposite Sunnyside Hospital in Bird Street. In the street are prominent law firms, the High Court.
FURTHER POTENTIAL: The extra-large garage is currently used for storage. It is attached to the flatlet, and is easily convertible to further accommodation. The property could also be used as student accommodation, which would increase the monthly rental further.
The reduced asking price makes this a great property investment with a high rental income.
Call Hagen to view. By appointment only.
Property Details
- 7 Bedrooms
- 2 Bathrooms
- 1 Garages
- 1 Lounges
- 1 Dining Area
- 1 Flatlet
Property Features
- Access Gate
- Kitchen
- Pantry
- Paving
| Bedrooms | 7 |
| Bathrooms | 2 |
| Garages | 1 |
| Floor Area | 258 m2 |
| Erf Size | 347 m2 |
