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Calling Investors. Four Apartments in a Primely Located Building.
R 1,695,000
Can I afford this?
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6 months ago46 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):440
Parking:Garage
Description
An Ideal Investment Opportunity to own in an Exclusive Complex within the Rosettenville Area. All Four apartments are currently tenanted with Rent Rolls available on Request The exterior of the building has been well maintained through the years providing reassurance as to the longevity of an investment of this nature.
Details of the Each Apartments:
- Under Roof: +- 110sqm
- 3 Bedrooms
- 1 Bathroom
- Sizeable Living Spaces Throughout
- Kitchen including the Stove
- Entrances from the Front of the Property.
- One Designated Garage per Apartment with additional parking space.
- Excellent condition throughout.
- Utilities are metered and charged according to each tenants usage.
- Generating a Gross Income of +-R27,000 a month (Varies according to Usage & Recoveries)
All relevant figures are on hand and can be provided at request of a potential purchaser. Please note the property is zoned Res 4 and therefore will classify as a commercial loan which will require a 40% deposit based on the individual or businesses profile. We are happy to assist regarding any additional information on that front as well. For an ideal investment to add to your property portfolio, please do not hesitate to contact us.
Property Reference #: DPR6598
Agent Details:
Kyle De Aguiar
Dormehl Phalane Property Group
95 Victoria Street,
Oakdene,
Johannesburg,
Gauteng,
2190
Details of the Each Apartments:
- Under Roof: +- 110sqm
- 3 Bedrooms
- 1 Bathroom
- Sizeable Living Spaces Throughout
- Kitchen including the Stove
- Entrances from the Front of the Property.
- One Designated Garage per Apartment with additional parking space.
- Excellent condition throughout.
- Utilities are metered and charged according to each tenants usage.
- Generating a Gross Income of +-R27,000 a month (Varies according to Usage & Recoveries)
All relevant figures are on hand and can be provided at request of a potential purchaser. Please note the property is zoned Res 4 and therefore will classify as a commercial loan which will require a 40% deposit based on the individual or businesses profile. We are happy to assist regarding any additional information on that front as well. For an ideal investment to add to your property portfolio, please do not hesitate to contact us.
Property Reference #: DPR6598
Agent Details:
Kyle De Aguiar
Dormehl Phalane Property Group
95 Victoria Street,
Oakdene,
Johannesburg,
Gauteng,
2190
Id Subtitle 1247915076
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Estimated monthly repaymentR 18,369
Total property loan amountR 1,695,000
Total interestR 2,713,521
Total repaymentR 4,408,521
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
Total Ads97
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