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AMAZING INVESTMENT IN MELVILLE - 3-STOREY BLOCK OF FLATS AND SHOPS
R 11,000,000
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1 month ago139 views
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General Details
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Description
This easy-to-manage investment property has 17 flats, 4 shops and a studio office. The stay-in caretaker is hands-on assisting with tenant matters at the premises.
The gross leasable area is 1 328 sqm generating a ROI of 11.2%.
The building is most of the time fully tenanted.
The five 2-bed flats, eight 1-bed flats and four bachelor flats are ideal and low-cost for investment purposes.
The four 60 sqm shops offer the perfect size for small business tenants to make a success.
This neat Studio office is handy for day-to-day office work or meetings or as a storage facility.
Easy access from side street, on the corner of the main road leading to other suburbs.
The building also allows for supurb advertising potential with potential income of between R12 000 and R18 000 p.m.
Let's talk soon, else the opportunity might be lost.
Property Reference #: 6212209
Agent Details:
Andries Vermaak
Gaylin Estates
Gaylin Estates Head Office
341 Beyers Naudé Drive
Northcliff
2195
The gross leasable area is 1 328 sqm generating a ROI of 11.2%.
The building is most of the time fully tenanted.
The five 2-bed flats, eight 1-bed flats and four bachelor flats are ideal and low-cost for investment purposes.
The four 60 sqm shops offer the perfect size for small business tenants to make a success.
This neat Studio office is handy for day-to-day office work or meetings or as a storage facility.
Easy access from side street, on the corner of the main road leading to other suburbs.
The building also allows for supurb advertising potential with potential income of between R12 000 and R18 000 p.m.
Let's talk soon, else the opportunity might be lost.
Property Reference #: 6212209
Agent Details:
Andries Vermaak
Gaylin Estates
Gaylin Estates Head Office
341 Beyers Naudé Drive
Northcliff
2195
Id Subtitle 1268628710
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Estimated monthly repaymentR 119,208
Total property loan amountR 11,000,000
Total interestR 17,609,867
Total repaymentR 28,609,867
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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Gaylin Estates
Selling for 1 month
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