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INVESTMENT PROPERTY. URGENT SALE
R 5,500,000
Can I afford this?
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1 year ago228 views
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General Details
Location:
For Sale By:Agency
Description
Situated in the quiet suburb of Seaview, lies this hidden gem. Set on 4047sq meters of land is this golden opportunity to secure a great investment.
Consisting of 14 one-bedroom flats with average rentals of R4000 per month and the main house which can easily generate a further 10000 rental income per month.
Each unit has its own prepaid electricity and water. Parking is available for all units. Remote control access, full cameras around the property, and 24-hour armed response all add to the safety of this gated property.
The main house has 3 bedrooms, 2baths. Very bright and airy. Large unused land at the back which can be further developed to create more units, Suitable for student accommodation as UKZN is around 5kms from here. Excellent returns on investment. Owner retiring. For a viewing don"t hesitate to call me
Property Reference #: RL4915
Agent Details:
Ritesh Mohanlal
Campbell Property Group
Shop 2,
10 Heleza Boulevard,
Sibaya,
KwaZulu Natal
4320.
Consisting of 14 one-bedroom flats with average rentals of R4000 per month and the main house which can easily generate a further 10000 rental income per month.
Each unit has its own prepaid electricity and water. Parking is available for all units. Remote control access, full cameras around the property, and 24-hour armed response all add to the safety of this gated property.
The main house has 3 bedrooms, 2baths. Very bright and airy. Large unused land at the back which can be further developed to create more units, Suitable for student accommodation as UKZN is around 5kms from here. Excellent returns on investment. Owner retiring. For a viewing don"t hesitate to call me
Property Reference #: RL4915
Agent Details:
Ritesh Mohanlal
Campbell Property Group
Shop 2,
10 Heleza Boulevard,
Sibaya,
KwaZulu Natal
4320.
Id Subtitle 1194607301
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Estimated monthly repaymentR 59,604
Total property loan amountR 5,500,000
Total interestR 8,804,934
Total repaymentR 14,304,934
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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Campbell Property Group
Selling for 1 year
Total Ads474
Active Ads474
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