URGENT SALE! INVESTOR’S DREAM!

R 4,770,000

Can I afford this?
9 months ago374 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):1428
Parking:Garage
Description
This well-kept, fully developed, fully furnished, Res 3 property, offers a potential income of R50 000 per month OR MORE!
Currently, it generates a steady income of R22 000.00 from the Apartment’s Rental Income.

7 x Apartments, of which 6 are 1 Bedroom Apartments with a Kitchen and half Bathrooms
Plus 1 x spacious Batchelor’s Flat.

The main dwelling offers a potential extra rental income with:
It’s VERY spacious Main House, 3 x extra-large Double Bedrooms that can easily accommodate 8 students , 1 x Single Bedroom, Study (that can be converted into another bedroom),
2 x Laundries, Scullery, Large Kitchen, 2 x Full Bathrooms, Extra Shower and Toilet, Pool Table Room, leading onto a patio & Braai- and Sparkling Pool Area in a beautiful established garden.
2 x Lounges (also possible rooms) and 2 x Store Rooms. LOTS of built-in cupboards for maximum storage!!
This package comes FULLY FURNISHED, Main House Included!!!
Ideal for Student Accommodation, B&B, Communal Dwelling, Care Unit etc.

Extras:
All Furniture included
5 kw Generator
Wi-Fi uncapped
10 x Shaded Carports
Garage
Electric Fencing
Gated entrance and remotes
Pre-paid electricity
Geysers connected to heat pump (huge saving)

This is a must view for serious buyers!

# Office / Study: 1
# Parking: 1
Has Pool
Has Garden
Property Reference #: 2021718

Agent Details:
Hannes Lombard
Property Folks
Hartbeespoort

Id Subtitle 1224691439
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Estimated monthly repaymentR 51,693
Total property loan amountR 4,770,000
Total interestR 7,636,279
Total repaymentR 12,406,279
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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