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Looking to generate passive rental income for life? Look no further. This is it!!!
R 4,800,000
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General Details
Location:
For Sale By:Agency
Description
Plot of 5.1 Ha right next to the R40. Makes access easy. Close to White River Crossing Mall. There are three strong boreholes on the Plot. Three phase electricity for the two workshops. There are 9 properties on the Plot that generate +- R70,000 rental income per month. Different types of grass is also sold off the property for additional income. Some of the properties are houses, but there are two large workshops on the plot too. One workshop is +-300sqm with 2m high roller doors. The Plot is zoned for Light Industrial / Agricultural. Property and will be sold "voetstoots" Ideal for a multi building storage facility that will generate passive income for life. Alternatively ideal for a sawmill. If the zoning can be changed to Residential, multi tenanted buildings could be erected, again generating passive income for life.
Property Reference #: WTR-RS00465
Agent Details:
Hans Meyer
Century21
Shop 63, Sonpark Centre, Sonheuwel, Mbombela, 1200
Property Reference #: WTR-RS00465
Agent Details:
Hans Meyer
Century21
Shop 63, Sonpark Centre, Sonheuwel, Mbombela, 1200
Id Subtitle 1276331468
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Estimated monthly repaymentR 52,018
Total property loan amountR 4,800,000
Total interestR 7,684,306
Total repaymentR 12,484,306
Interest rate at 11.75% for 20 years *
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Century21
Selling for 3+ years
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