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Investment property - Guest House
R 1,200,000
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13 days ago15 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Farm
Bedrooms (#):6+
Bathrooms (#):4+
Parking:Covered
Description
This fully tenanted guest house in Odendaalsrus presents a prime investment opportunity. With annual lease contracts in place, the property generates a steady monthly income of R23,600. Financing this property at the current prime rate of 11.75% over a 20-year period would result in a manageable monthly repayment of R13,000. Additional monthly expenses include rates and taxes, as well as water, totaling R2,500. Each of the 9 cottages and the main house have their own pre-paid electricity meters, ensuring separate billing and easy management. The property comprises of two stands: (ERF 496 & ERF 497) measuring 773 square meter each: which makes the total property size of 1,546 square meters. The main house boasts 6 bedrooms, while each cottage has its own bathroom, geyser, and electricity distribution box. This translates to a monthly net profit of R8,100. Don't miss out on this lucrative opportunity to own a guest house in a desirable location.
Property Reference #: 7002001-47085
Agent Details:
William Masebe
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Property Reference #: 7002001-47085
Agent Details:
William Masebe
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274197461
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Estimated monthly repaymentR 13,005
Total property loan amountR 1,200,000
Total interestR 1,921,077
Total repaymentR 3,121,077
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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EXP Realty
Selling for 2+ years
Total Ads7.26K
Active Ads7.26K
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