Investors Dream

R 7,200,000

Can I afford this?
1 year ago217 views
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Description
This property is an investor's dream, offering a combination of 3 retail shops and 5 flats all in one building. The flats offer a layout of 2 bedrooms, a kitchen, and an open-plan lounge and dining area, all units are sectional title with individual water and electricity meters. The building is fully let and generates an income of R6750 per apartment and R5500 per shop, for a grand total of R50 250. This is an amazing opportunity for an investor looking for a steady income stream from a fully occupied building. Don't miss out on this deal, contact me now to schedule a viewing.

# Parking: 8
Property Reference #: 121

Agent Details:
Jaison Moonsamy
365 Properties
57 Krishna Rabilal Road, Merebank, 4052

Id Subtitle 1184975029
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Estimated monthly repaymentR 78,027
Total property loan amountR 7,200,000
Total interestR 11,526,459
Total repaymentR 18,726,459
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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365 Properties
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