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Well-Built 10 Rental Units that comprise of 17 Bedrooms in total with 10 Bathrooms and 10 kitchens.
R 1,695,000
Can I afford this?Reason for Reporting
10 Unit Business/Rental Accomodation Property measuring 1800 Square Metres For Sale, comprising of 17 Bedrooms (7x 2 Bedroomed Units) + (3x 1 Bedroomed Units) generating an income of R20 000.00 per month currently with rent increasing for the year 2024, which will result in a total monthly income of R23 000.00.
Each unit consists of a well ventilated bathroom through an extractor fan, that has a toilet, shower, geyser and a basin. Each Unit also consists of its own kitchenette that has built in cupboards and cabinets with their own sinks.
The property exudes immaculate workmanship all round, ensuring a durable structure that minimises operational costs in terms of regular maintenance. The 1800 square metre site is walled all-round with accessibility through a lockable pedestrian gate and a motorised vehicle gate, with an electrified guard house on site. There is a sceptic tank as well as 2 outside backup ablutions that are in the form of a long drop. The yard is paved with concrete thus minimising mud during rainy seasons and providing neat parking space for both tenants and their visitors. All units are burglar proofed all round.
The property is 400 metres from the tar road and is 2 Kilometres from Northcrest and several amenities of convenience such as Schools, Northcrest Shopping Centres as well as various places of employment. The property is 4 kilometres from the CBD.
Not only is there a mouthful to say about this property but it is also satiating to the eye, especially with the multitude of income generating uses that one may put this property into. Kindly contact 0470502431 or send an email to gq1solutions@outlook.com for further information and to arrange for a viewing. Contactable on WhatsApp upon request.
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