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9 Bedroom 5 bathroom Investment opportunity in Observatory
R 4,500,000
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2 years ago2632 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Parking:None
Description
9 Bedroom 5 bathroom Investment opportunity in Observatory
This 9 bedroom , 5 bathroom house is currently being utilised for student accommodation.
The amount generated by the property Pre Covid was R43 350 per month when fully let.
At present due to the intake and Covid the owner has only rented out 5 rooms for health reasons (Covid). For the 2022 intake, buyers would be looking at R45 000 minimum at an average of R5000 per room.
The property has a large shared tiled kitchen with open plan lounge area. This opens onto an open outside area which I used to socialize and also attend to the laundry. There is a solar heater on the roof, and also a geyser management system, that keeps down electricity payments.
The property also comes with 100 Meg fibre and 2 x air conditioners.
The property is graded MU2 , so there is an option to build up and redevelop increasing the bulk factor.
Property Reference #: DPG2761107
Agent Details:
Andre Swanepoel
Dormehl Phalane Property Group
12 C Marine Circle
Bloubergrandt
7441
This 9 bedroom , 5 bathroom house is currently being utilised for student accommodation.
The amount generated by the property Pre Covid was R43 350 per month when fully let.
At present due to the intake and Covid the owner has only rented out 5 rooms for health reasons (Covid). For the 2022 intake, buyers would be looking at R45 000 minimum at an average of R5000 per room.
The property has a large shared tiled kitchen with open plan lounge area. This opens onto an open outside area which I used to socialize and also attend to the laundry. There is a solar heater on the roof, and also a geyser management system, that keeps down electricity payments.
The property also comes with 100 Meg fibre and 2 x air conditioners.
The property is graded MU2 , so there is an option to build up and redevelop increasing the bulk factor.
Property Reference #: DPG2761107
Agent Details:
Andre Swanepoel
Dormehl Phalane Property Group
12 C Marine Circle
Bloubergrandt
7441
Id Subtitle 1001371670
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Estimated monthly repaymentR 48,767
Total property loan amountR 4,500,000
Total interestR 7,204,037
Total repaymentR 11,704,037
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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Dormehl Phalane Property Group
Selling for 3+ years
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