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Aureus | Property for sale in Randfontein
R 7,500,000
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5 months ago78 views
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General Details
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Description
Investment opportunity!
Sectional Title development comprising of 7 units available for purchase.
80% occupancy currently with applicants submitted to achieve full occupancy. Current rental achieved is slightly below market related rate having great potential for 16% returns at market related rate per sqm.
There's 3 phase power to all units Separate metering in each unit with prepaid electrical meters
All 7 units totalling 3674sqm or 1.6 Ha erf.
*Buyer is required to purchase all 7 units. No partial purchases available.
Property Reference #: VMD3674A
Agent Details:
Victor Mc Dermott
API Property Group
API House, First floor, 85 Wessel Road, Rivonia
Sectional Title development comprising of 7 units available for purchase.
80% occupancy currently with applicants submitted to achieve full occupancy. Current rental achieved is slightly below market related rate having great potential for 16% returns at market related rate per sqm.
There's 3 phase power to all units Separate metering in each unit with prepaid electrical meters
All 7 units totalling 3674sqm or 1.6 Ha erf.
*Buyer is required to purchase all 7 units. No partial purchases available.
Property Reference #: VMD3674A
Agent Details:
Victor Mc Dermott
API Property Group
API House, First floor, 85 Wessel Road, Rivonia
Id Subtitle 1248548798
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Estimated monthly repaymentR 81,279
Total property loan amountR 7,500,000
Total interestR 12,006,728
Total repaymentR 19,506,728
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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API Property Group
Selling for 6+ years
Total Ads2.75K
Active Ads2.75K
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