Sole Mandate | 9 Unit Investment Opportunity for Sale

R 5,995,000

Can I afford this?
4 months ago303 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):1337
Description
9 Total Units on this property with potential rental of R55 000 - R60 000pm .

This property is extremely neat with modern finishes throughout . It consists of 7 One bedroom apartments ,1 two bedroom apartment and 1 Three bedroom apartment.

The property is secure throughout with electrical fence and cameras all around . A large parking lot area for over 9+ cars.

**There is a approved plans for 3 garage units and an extra 2 units

The 9 Units are as follows :

A- 1 bed ;1 bath; Kitchen

B- 3 Bed (Can easily be made 4 bedrooms);2 Bath; Lounge; Kitchen ;Balcony

C- 2 Bed; 1 Bath; Lounge; Kitchen

D- 1 Bed ;1 Bath ;Kitchen

E- 1 Bed ;1 Bath ;Kitchen

F- 1 Bed; 1 Bath ;Kitchen

G- 1 Bed; 1 Bath ;Kitchen

H- 1 Bed ;1 Bath ;Kitchen

I- 1 Bed; 1 Bath ;Kitchen

Please contact me for a viewing

Property Reference #: 1231471

Agent Details:
Michael Meyer
Rawson Properties Constantia
Block A, 1st Floor, Cnr. Timour Hall Road & Gabriel Road, Plum Park, Unit 2, Cape Town, Plumstead
Cnr. Timour Hall Road & Gabriel Road
Plumstead, Western Cape

Id Subtitle 1252429320
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Estimated monthly repaymentR 64,969
Total property loan amountR 5,995,000
Total interestR 9,597,378
Total repaymentR 15,592,378
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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Rawson Properties Constantia
Selling for 3+ years
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