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Eshowe Rural - Fantastic Investment Opportunity
R 1,300,000
Can I afford this?
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3 years ago785 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):2
Size (sqm):350
Parking:None
Description
Calling all cash investors.
An amazing opportunity to purchaser this ideal investment property which is situated in the Nyanini Area which is approximately 3 kilometers from Eshowe CBD.
This spacious property boasts 11 spacious bachelor units each with it's own kitchenette.
There are shared communal bathrooms consisting of two toilets and two showers.
Separate to the building is a care takers room.
Property is big and spacious with enough room for further development. Build more units with ease.
Fully secured with a boundary wall and gate.
Incredible rental income, each tenants pays R 1400,00 per month with a total income for the entire property amounting to R 15400,00 per month. What a fantastic return on any investment.
Expenses are minimal, electricity and water is approximately
R 3000,00 per month.
No rates and taxes.
Please note property is situated in a rural area and falls under traditional council.
No title deeds.
OPEN TO OFFERS
Property Reference #: RL52216
Agent Details:
Romona Reddy
Jawitz Properties
7 Osborn Road
Adams Building
Eshowe
3815
An amazing opportunity to purchaser this ideal investment property which is situated in the Nyanini Area which is approximately 3 kilometers from Eshowe CBD.
This spacious property boasts 11 spacious bachelor units each with it's own kitchenette.
There are shared communal bathrooms consisting of two toilets and two showers.
Separate to the building is a care takers room.
Property is big and spacious with enough room for further development. Build more units with ease.
Fully secured with a boundary wall and gate.
Incredible rental income, each tenants pays R 1400,00 per month with a total income for the entire property amounting to R 15400,00 per month. What a fantastic return on any investment.
Expenses are minimal, electricity and water is approximately
R 3000,00 per month.
No rates and taxes.
Please note property is situated in a rural area and falls under traditional council.
No title deeds.
OPEN TO OFFERS
Property Reference #: RL52216
Agent Details:
Romona Reddy
Jawitz Properties
7 Osborn Road
Adams Building
Eshowe
3815
Id Subtitle 939207761
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Estimated monthly repaymentR 14,089
Total property loan amountR 1,300,000
Total interestR 2,081,167
Total repaymentR 3,381,167
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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Jawitz Properties
Selling for 5+ years
Total Ads66
Active Ads66
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