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Newly Built Complex for Sale with 9 Simplex Units Currently Receiving Income
R 12,000,000
Can I afford this?
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9 months ago375 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Other
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):2082
Description
Newly built complex for sale in Christoburg!
Complex consists of 9 Simplex Units, fully occupied and receiving income.
9 × Modern 3 Bedroom Simplexes in secure complex in Erasmia / Christoburg.
Annual Net Rental Income: R912 000.00
3 Bedroom, 2 Bathroom lockup & Go Simplex in secure complex in Erasmia.
The Kitchen with open plan dining & lounge consists of fully equipped wall – high cupboards with ample space for appliances fitted with granite tops, oven & hob, a sink as well as space for a dishwasher.
The modern bathrooms offer showers with one of which is an ensuite. The common bathroom can accommodate a washing machine.
The spacious bedrooms offer built in cupboards with space for a double bed whereas a king size in the main bed.
Complex offer 2 open parking with ample space for visitors parking as well as space for an upgrade of covered carports.
Gross Rental Income: R81 000.00/month
Expenses: +- R5000.00/month
This includes rates & taxes and complex maintenance guy.
Net Rental Income: R76 000.00/month
Each Simplex has a pre-paid Electricity & Water.
Rates And Taxes: 5000
Property Reference #: 297
Agent Details:
Yaseen Ismail
Top Spot Realty
Complex consists of 9 Simplex Units, fully occupied and receiving income.
9 × Modern 3 Bedroom Simplexes in secure complex in Erasmia / Christoburg.
Annual Net Rental Income: R912 000.00
3 Bedroom, 2 Bathroom lockup & Go Simplex in secure complex in Erasmia.
The Kitchen with open plan dining & lounge consists of fully equipped wall – high cupboards with ample space for appliances fitted with granite tops, oven & hob, a sink as well as space for a dishwasher.
The modern bathrooms offer showers with one of which is an ensuite. The common bathroom can accommodate a washing machine.
The spacious bedrooms offer built in cupboards with space for a double bed whereas a king size in the main bed.
Complex offer 2 open parking with ample space for visitors parking as well as space for an upgrade of covered carports.
Gross Rental Income: R81 000.00/month
Expenses: +- R5000.00/month
This includes rates & taxes and complex maintenance guy.
Net Rental Income: R76 000.00/month
Each Simplex has a pre-paid Electricity & Water.
Rates And Taxes: 5000
Property Reference #: 297
Agent Details:
Yaseen Ismail
Top Spot Realty
Id Subtitle 1292269995
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Estimated monthly repaymentR 130,045
Total property loan amountR 12,000,000
Total interestR 19,210,764
Total repaymentR 31,210,764
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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Top Spot Realty
Selling for 1 year
Total Ads80
Active Ads80
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