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Maitland One Owner Apartment Block for Sale
R 7,500,000
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3 months ago154 views
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General Details
Description
Meggar Property Brokers are pleased to present this great investment opportunity to Investors.
Property is leased mainly to corporate companies, Students with short-term leases.
2 Story block, Semi furnished. ( i.e Beds, desks etc...)
four x 3 bed apartments - 6 sleeper
Two x 2 bed apartments - 5 sleeper
Two x studio apartments - 2 sleeper
Wendy house - 3 bedroom
Entertainment area
*Pre-paid Electricity and water meters in apartments 1-6
hot water supply via general geyser
*Studio apartment + unit 7 -8 billed per usage - hot water
supply via gas geyser.
* Fingerprint reader with turnstile
* Electric Fencing
* +/- 4 parking bays
* Potential rental per bed is R 2200 pm x 38 beds
estimate monthly income = R 83 600
Situated close to public transport and all major freeways. ( M5, N1 and N2.)
Zoning: Residential
Ownership Type: Freehold
Mandate Type: Sole
Rates And Taxes: 1800
Property Reference #: 1127
Agent Details:
Gabieba Jordan
Meggar Property Brokers
137 Voortrekker Road, Maitland, Cape Town, South Africa
Maitland
Cape Town
Property is leased mainly to corporate companies, Students with short-term leases.
2 Story block, Semi furnished. ( i.e Beds, desks etc...)
four x 3 bed apartments - 6 sleeper
Two x 2 bed apartments - 5 sleeper
Two x studio apartments - 2 sleeper
Wendy house - 3 bedroom
Entertainment area
*Pre-paid Electricity and water meters in apartments 1-6
hot water supply via general geyser
*Studio apartment + unit 7 -8 billed per usage - hot water
supply via gas geyser.
* Fingerprint reader with turnstile
* Electric Fencing
* +/- 4 parking bays
* Potential rental per bed is R 2200 pm x 38 beds
estimate monthly income = R 83 600
Situated close to public transport and all major freeways. ( M5, N1 and N2.)
Zoning: Residential
Ownership Type: Freehold
Mandate Type: Sole
Rates And Taxes: 1800
Property Reference #: 1127
Agent Details:
Gabieba Jordan
Meggar Property Brokers
137 Voortrekker Road, Maitland, Cape Town, South Africa
Maitland
Cape Town
Id Subtitle 1260408670
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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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Meggar Property Brokers
Selling for 7+ years
Total Ads18
Active Ads18
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