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Calling All Investors. Six Apartments in an Apartment Building For One Price.
R 2,350,000
Can I afford this?
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1 year ago204 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):340
Parking:Covered
Description
An Ideal Investment Opportunity to own in an Exclusive Complex within the Rosettenville Area. All six apartments are currently tenanted and managed by Dormehl Phalane Property Group which mitigates any significant risk as an investment. The exterior of the building has been well maintained through the years providing reassurance as to the longevity of an investment of this nature. The owner took immense pride in the entirety of the property forming great relationships with the tenants currently in place.
Details of the Each Apartments:
- Under Roof: +- 90sqm
- 2 Bedrooms
- 1 Bathroom
- Sizeable Living Spaces Throughout
- Kitchen including the Stove
- Entrances from the Front and the Back of the Property.
- One Designated Parking Bay per Apartment.
- Excellent condition throughout.
- Utilities are metered and charged according to each tenants usage.
- Current Return of Investment of R28,000 a month.
Dormehl, as a company, currently manages the property and can provide all details on income and expenditure. For an ideal investment to add to your property portfolio, please do not hesitate to contact us.
Property Reference #: DPG2764528
Agent Details:
Kyle De Aguiar
Dormehl Phalane Property Group
95 Victoria Street,
Oakdene,
Johannesburg,
Gauteng,
2190
Details of the Each Apartments:
- Under Roof: +- 90sqm
- 2 Bedrooms
- 1 Bathroom
- Sizeable Living Spaces Throughout
- Kitchen including the Stove
- Entrances from the Front and the Back of the Property.
- One Designated Parking Bay per Apartment.
- Excellent condition throughout.
- Utilities are metered and charged according to each tenants usage.
- Current Return of Investment of R28,000 a month.
Dormehl, as a company, currently manages the property and can provide all details on income and expenditure. For an ideal investment to add to your property portfolio, please do not hesitate to contact us.
Property Reference #: DPG2764528
Agent Details:
Kyle De Aguiar
Dormehl Phalane Property Group
95 Victoria Street,
Oakdene,
Johannesburg,
Gauteng,
2190
Id Subtitle 1177451607
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Estimated monthly repaymentR 25,468
Total property loan amountR 2,350,000
Total interestR 3,762,108
Total repaymentR 6,112,108
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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Dormehl Phalane Property Group
Selling for 3+ years
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