The Home of Your Financial Dreams: Your Next Investment Property For Sale

R 6,995,000

Can I afford this?
1 month ago41 views
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General Details
For Sale By:Agency
Description
This property presents an excellent investment opportunity with multiple income streams. Whether you're looking to enter the rental market or provide housing for your employees, this secure property offers numerous possibilities.
Here's what this property includes:

Bachelor Flats:
• 8 modern open-plan bachelor flats each with a kitchenette, and bathroom
• 2 outside braais
• Undercover parking

First House:
• 5 bedrooms
• 1 family bathroom
• 1 en-suite bathroom
• Open-plan living and dining area
• Kitchen
• Laundry
• Storage room/6th bedroom
• Ceiling fans
• Covered "Stoep"

Bachelor Flats:
• 3 semi-furnished bachelor flats with private entrances, each with a bathroom and kitchenette.

Second House:
• 3 bedrooms
• 2 bathrooms
• Living room
• Built-in-Braai
• Kitchen with cupboards
• Laundry with cupboards
• Extra room for deep-freezes
• Pantry

Additional Features:
• Lapa with built-in braai
• Undercover parking for approximately 10 vehicles
• Spacious workshop suitable for heavy vehicles/workshop machinery
• Borehole (with electrical pump) supplying water to the houses and bachelor flats
• Municipality water supply
• Electrical sliding gate
• CCTV camera system covering the front area of the property
• Swimming pool with cover
• Large area of the property suitable for planting vegetables or relaxation
• Prepaid electricity
• French Drain system
• 8 geysers

Overall, this property offers a comprehensive package for investors seeking to capitalize on rental income or provide housing solutions. Contact us today for further details and to arrange a viewing.

Has Pool
Property Reference #: CCH805

Agent Details:
Ronelle Cockrell
Cape Coastal Homes
Shop 9, Melcksloot Village, Cnr of Reese Road & De Beers Avenue, Somerset West, 7130

Id Subtitle 1270775009
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Estimated monthly repaymentR 75,806
Total property loan amountR 6,995,000
Total interestR 11,198,275
Total repaymentR 18,193,275
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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