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RICHMOND HILL FULLY TENANTED APARTMENT BLOCK FOR SALE
R 2,200,000
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11 months ago2164 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):655
Parking:Garage
Description
EXCELLENT STUDENT ACCOMMODATION POTENTIAL!!
14 bedrooms to accommodate 28 beds. Income potential of R95 200/month
CALLING ALL INVESTORS:
Monthly Rental Income: R25600
Monthly Expenses: R9235
Monthly Net Income: R17 665
Yearly Net Income: R211 979
ROI: 9%
R2 200 000 (BRING OFFERS!)
SOLE MANDATE
THE PROPERTY CONSISTS OF THE FOLLOWING:
2 X 4 bedrooms, bathroom, kitchen and lounge with single garage each
2 x 3 bedrooms, bathroom, kitchen and lounge with single garage each
Unfurnished
ALL TENANTED with Leases and deposits
4 prepaid water meters and 4 prepaid electricity meters to recover all utilities from the tenants
Rates: R3338
Floor size: 655sqm
Land: 530sqm
Property Reference #: ORL4436
Agent Details:
Sebastien Brazeau
Only Realty
218a Main Road
Walmer
PE
Walmer
14 bedrooms to accommodate 28 beds. Income potential of R95 200/month
CALLING ALL INVESTORS:
Monthly Rental Income: R25600
Monthly Expenses: R9235
Monthly Net Income: R17 665
Yearly Net Income: R211 979
ROI: 9%
R2 200 000 (BRING OFFERS!)
SOLE MANDATE
THE PROPERTY CONSISTS OF THE FOLLOWING:
2 X 4 bedrooms, bathroom, kitchen and lounge with single garage each
2 x 3 bedrooms, bathroom, kitchen and lounge with single garage each
Unfurnished
ALL TENANTED with Leases and deposits
4 prepaid water meters and 4 prepaid electricity meters to recover all utilities from the tenants
Rates: R3338
Floor size: 655sqm
Land: 530sqm
Property Reference #: ORL4436
Agent Details:
Sebastien Brazeau
Only Realty
218a Main Road
Walmer
PE
Walmer
Id Subtitle 1206602475
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Estimated monthly repaymentR 23,842
Total property loan amountR 2,200,000
Total interestR 3,521,974
Total repaymentR 5,721,974
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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Only Realty
Selling for 1 year
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