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Investor's Gem!
R 2,950,000
Can I afford this?23 Photo(s)
9 months ago208 views
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General Details
Location:
For Sale By:Agency
Description
This property situated in President Park is eight thousand five hundred square metres of land with a main house, three cottages and staff accommodation in a peaceful setting situated in Midrand- President Park close to the big Mosque.
Complete electric fence on one of the main roads through President Park. The property has lots of trees with bee hives. There is a main house with 3 beds and 3 bathrooms, an open plan kitchen with a lounge. The main house has a swimming pool, braai area, double garage, and staff quarters. Some of the buildings require some TLC.
The property has 3 cottages each with own bathroom, the sizes of the two 1- bedroom cottages are approximately 80 squares each with a larger 2-bedroom cottage. Total tenant collection for house and cottages are over R 32 000 a month making this a good investment.
The property is serviced through 2 septic tanks one 3000 litres and the other 5000 litres. The electricity to the tenants is prepaid which makes it easy to manage. Separate staff quarters for a caretaker or a gardener.
Ideal for an investor interested in renting out units and growing his/her portfolio.
Call and see if you qualify! Not to be missed.
Income Generating
Tenants in place
Prepaid Electricity
Pool
Parking space
Septic Tanks
Good security
TLC needed on buildings
Staff Quarters
# Parking: 2
Rates And Taxes: 1911
Property Reference #: 521
Agent Details:
Waldo Jonker
Brightstar Properties
Brightstar Properties, Kyalami Hills, Midrand
Midrand
Complete electric fence on one of the main roads through President Park. The property has lots of trees with bee hives. There is a main house with 3 beds and 3 bathrooms, an open plan kitchen with a lounge. The main house has a swimming pool, braai area, double garage, and staff quarters. Some of the buildings require some TLC.
The property has 3 cottages each with own bathroom, the sizes of the two 1- bedroom cottages are approximately 80 squares each with a larger 2-bedroom cottage. Total tenant collection for house and cottages are over R 32 000 a month making this a good investment.
The property is serviced through 2 septic tanks one 3000 litres and the other 5000 litres. The electricity to the tenants is prepaid which makes it easy to manage. Separate staff quarters for a caretaker or a gardener.
Ideal for an investor interested in renting out units and growing his/her portfolio.
Call and see if you qualify! Not to be missed.
Income Generating
Tenants in place
Prepaid Electricity
Pool
Parking space
Septic Tanks
Good security
TLC needed on buildings
Staff Quarters
# Parking: 2
Rates And Taxes: 1911
Property Reference #: 521
Agent Details:
Waldo Jonker
Brightstar Properties
Brightstar Properties, Kyalami Hills, Midrand
Midrand
Id Subtitle 1221743520
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Estimated monthly repaymentR 31,970
Total property loan amountR 2,950,000
Total interestR 4,722,647
Total repaymentR 7,672,647
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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Brightstar Properties
Selling for 3+ years
Total Ads26
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