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GREAT INVESTMENT OPPORTUNITY
R 2,150,000
Can I afford this?
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1 month ago48 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):2
Size (sqm):225
Parking:Covered
Description
Calling all investors! Looking for a passive income with a good return on investment? I have just the option for you!
Well positioned in the established suburb of Westdene is this 7 bedroom house. Currently offering student accommodation with University of Johannesburg accreditation. The property has communal rights and can accomodate 7 students at a rate of R5 000.00pm.
The house features 7 bedrooms with two bathrooms, both fitted with showers, basins and toilets.
There is communal kitchen and lounge area. The property is being sold with the furniture.
In the back of the property a slab with a foundation has been laid with approved plans to construct a second dwelling.
The projected net monthly income is R25 620.00 with an annual ROI of R237 440.00
Please don't hesitate to contact me to arrange for an appointment to view.
Gail Henning, Registered with the PPRA as a Candidate Property Practitioner under Real Royal Commercial Properties (Pty) Ltd t/a Century 21 Alberton, registered with the PPRA as a Business Practitioner, who does not operate a trust account.
Property Reference #: ALB-RS00863
Agent Details:
Gail Henning
Century21
80 Vorster Avenue, Glenanda, Johannesburg South, South Africa
Well positioned in the established suburb of Westdene is this 7 bedroom house. Currently offering student accommodation with University of Johannesburg accreditation. The property has communal rights and can accomodate 7 students at a rate of R5 000.00pm.
The house features 7 bedrooms with two bathrooms, both fitted with showers, basins and toilets.
There is communal kitchen and lounge area. The property is being sold with the furniture.
In the back of the property a slab with a foundation has been laid with approved plans to construct a second dwelling.
The projected net monthly income is R25 620.00 with an annual ROI of R237 440.00
Please don't hesitate to contact me to arrange for an appointment to view.
Gail Henning, Registered with the PPRA as a Candidate Property Practitioner under Real Royal Commercial Properties (Pty) Ltd t/a Century 21 Alberton, registered with the PPRA as a Business Practitioner, who does not operate a trust account.
Property Reference #: ALB-RS00863
Agent Details:
Gail Henning
Century21
80 Vorster Avenue, Glenanda, Johannesburg South, South Africa
Id Subtitle 1269833340
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Estimated monthly repaymentR 23,300
Total property loan amountR 2,150,000
Total interestR 3,441,929
Total repaymentR 5,591,929
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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Century21
Selling for 3+ years
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