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FANTASTIC INVESTMENT PROPERTY!
R 4,500,000
Can I afford this?25 Photo(s)
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20 days ago32 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):4947
Parking:Garage
Video
Description
An amazing investment opportunity that should not be overlooked! Ensuring a steady and impressive income stream of approximately 60K monthly.This property comprises of a main house and eight well-maintained flatlets.
The property currently houses long-term tenants with an outstanding credit history, adding stability and reliability to the investment.
Each flatlet is equipped with prepaid electricity and individual water meters. This not only benefits the tenants but also streamlines the management of utility expenses. Residents enjoy dedicated parking spaces, ensuring convenience and security.
The main house consists of two bedrooms, with the option of converting the eighth unit back to a third bedroom with bathroom. There is a spacious kitchen, a laundry room, an open plan living and dining area, a sunlounge, a covered patio, and a generous backyard.
Situated in the beautiful Chelmsfordville, in Gillitts, this property enjoys the benefits of a sought-after address. Residents relish the proximity to local attractions, amenities, schools, etc., making it an ideal choice for both tenants and investors.
This property represents a unique opportunity for discerning investors seeking a lucrative venture in a high-demand rental market. With a proven track record of stable income AND outstanding tenant history, don't miss the chance to make this exceptional property a cornerstone of your investment portfolio.
# Parking: 3
Rates And Taxes: 2830
Has Pool
Has Garden
Property Reference #: 2210456
Agent Details:
Gail Jones
1 Property
27 Old Main Road, Gillitts
The property currently houses long-term tenants with an outstanding credit history, adding stability and reliability to the investment.
Each flatlet is equipped with prepaid electricity and individual water meters. This not only benefits the tenants but also streamlines the management of utility expenses. Residents enjoy dedicated parking spaces, ensuring convenience and security.
The main house consists of two bedrooms, with the option of converting the eighth unit back to a third bedroom with bathroom. There is a spacious kitchen, a laundry room, an open plan living and dining area, a sunlounge, a covered patio, and a generous backyard.
Situated in the beautiful Chelmsfordville, in Gillitts, this property enjoys the benefits of a sought-after address. Residents relish the proximity to local attractions, amenities, schools, etc., making it an ideal choice for both tenants and investors.
This property represents a unique opportunity for discerning investors seeking a lucrative venture in a high-demand rental market. With a proven track record of stable income AND outstanding tenant history, don't miss the chance to make this exceptional property a cornerstone of your investment portfolio.
# Parking: 3
Rates And Taxes: 2830
Has Pool
Has Garden
Property Reference #: 2210456
Agent Details:
Gail Jones
1 Property
27 Old Main Road, Gillitts
Id Subtitle 1276331260
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Estimated monthly repaymentR 48,767
Total property loan amountR 4,500,000
Total interestR 7,204,037
Total repaymentR 11,704,037
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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1 Property
Selling for 8+ months
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