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Income Generating Property
R 14,995,000
Can I afford this?
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1 month ago46 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Other
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):1514
Parking:Garage
Description
Calling all investors!!
This income generating property set on Umhlanga Rocks Drive is exactly what you were looking for. This property has both commercial and residential lease options and four existing tenants in place. Your commercial tenants will have maximum exposure from passing vehicles on the main road and spoilt with stunning sea views. Generates an income of R77 500per month.
There is residential lease option main house and three flatlets generates an income of R48 000 per month and has its with own driveway. Can be used as an Air BnB. This property screams PROFIT and awaits you. So call me now as this is a must see!
Property in Detail:
Commercial Space:
4 Business/Retail Space
Main House:
4 Bedrooms
4 Bathrooms
2 Lounges
Kitchen
Scullery
Dining Area
Store Room
Double Garage
Pool
Pet Friendly
Flatlet 1 and 2
2 Bedrooms
1 Bathroom
Kitchen
Lounge
Dining Area
Parkings
Flatlet 3 is a bachelor unit
Property Reference #: 1245158
Agent Details:
Dolly Naidoo
Rawson Properties Umhlanga
16, Chartwell Drive, Shop 211 Granada Square, Umhlanga, Umhlanga Central, Kwazulu Natal
Chartwell Drive, Umhlanga Rocks
Kwazulu Natal
This income generating property set on Umhlanga Rocks Drive is exactly what you were looking for. This property has both commercial and residential lease options and four existing tenants in place. Your commercial tenants will have maximum exposure from passing vehicles on the main road and spoilt with stunning sea views. Generates an income of R77 500per month.
There is residential lease option main house and three flatlets generates an income of R48 000 per month and has its with own driveway. Can be used as an Air BnB. This property screams PROFIT and awaits you. So call me now as this is a must see!
Property in Detail:
Commercial Space:
4 Business/Retail Space
Main House:
4 Bedrooms
4 Bathrooms
2 Lounges
Kitchen
Scullery
Dining Area
Store Room
Double Garage
Pool
Pet Friendly
Flatlet 1 and 2
2 Bedrooms
1 Bathroom
Kitchen
Lounge
Dining Area
Parkings
Flatlet 3 is a bachelor unit
Property Reference #: 1245158
Agent Details:
Dolly Naidoo
Rawson Properties Umhlanga
16, Chartwell Drive, Shop 211 Granada Square, Umhlanga, Umhlanga Central, Kwazulu Natal
Chartwell Drive, Umhlanga Rocks
Kwazulu Natal
Id Subtitle 1270677453
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Estimated monthly repaymentR 162,502
Total property loan amountR 14,995,000
Total interestR 24,005,450
Total repaymentR 39,000,450
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Rawson Properties Umhlanga
Selling for 3+ years
Total Ads735
Active Ads735
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360.69KTotal Views
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