Investment Property in Howick

R 5,900,000

Can I afford this?
2 months ago73 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Parking:Garage
Description
The possibilities are absolutely limitless for this property, which boasts multiple buildings and holds mixed-use zoning, encompassing commercial use (excluding VAT). Located on a bustling main street in a highly sought-after area, this property experiences a constant high volume of daily traffic, making it an excellent prospect for businesses looking to seize this opportunity.

Positioned as a corner plot, it is ideal for any business seeking to expand its client base and draw more customers to its doors. The rental income generated from the numerous structures on this property can greatly contribute to repaying your mortgage or bolstering your savings, which may have been used for the property acquisition.

With its generous land size, there is plenty of room for future expansion or additional construction. This property's enduring value is certain, particularly given the rising property prices in the area, notably following the opening of the Fairways shopping centre in Howick and the growth of other businesses along the same street.

Don't let this opportunity slip through your grasp; investing in this property may bring benefits not only to you but also to your descendants in the years to come.

Call me if you would like to view this amazing investment opportunity or would like to list your own property.

Property Reference #: JRL15297

Agent Details:
Nico Naidoo
Jawitz Properties
Gresham House
11 Wembley Terrace,
Town Hill,
Pietermaritzburg

Id Subtitle 1262274442
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Estimated monthly repaymentR 63,939
Total property loan amountR 5,900,000
Total interestR 9,445,293
Total repaymentR 15,345,293
Interest rate at 11.75% for 20 years *
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Jawitz Properties
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