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EXCELLENT MIXED USE BUILDING - 2 x RETAIL SHOPS + 11 x UNITS IN PRIME LOCATION !
R 4,500,000
Can I afford this?
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Description
FANTASTIC INVESTMENT OPPORTUNITY !
HANDSOME RETURN ON INVESTMENT WITH GROWTH POTENTIAL !
LOW MAINTENANCE BUILDING !
LARGE AND SPACIOUS FLATS - WELL MAINTAINED AND MANAGED.
FULLY TENANTED !
SCREENED AND VETTED TO HIGH STANDARDS BY OWNER.
GOOD MIX OF BACHELOR, 1 BED AND 2 BED FLATLETS.
1 RETAIL TENANT MORE THAN 30YRS RENTING TO DATE.
HIGHLY SOUGHT AFTER AREA !
/
This EXCELLENT INVESTMENT Property Offers:
Entrance Foyer via access door
Various Unit options catering to a wide range of Tenants:
6 x 2 bedroom flats @ +-R4500 - R27000
Massive Rooms and spacious Lounges.
Neat bathrooms and Kitchens
Balconies.
2 x 1 bedroom flats @ +-R3500 - R7000
Large Lounge, Kitchen, Bathroom and a Spacious Bedroom.
Balconies.
All flats with pre paid and water meters.
3 x bachelor flats @ +-R3000 - R9000
Duplex Units, Modernised with Tiled Lounge, Kitchen and Bathroom on lower level, The bedroom is on upper Level.
All neatly Tiled and Modern Finishes and Cabinetry.
Solar Geysers and pre paid meters.
2x Retail shops @ +-R5000 - R10000
Large shops, one of the Tenants been renting for 30yrs plus.
Total Income R53 000 Gross
Zoning - Residential
No sectional Title
Under roof area 1200sqm
Net Income R42 000 pm
Extremely well cared for building with solid tenants. Owners disinvesting.
Call today to add this excellent Investment Property to your Portfolio !
Price negotiable, reasonable Offers from qualified Buyers will be considered.
Rates And Taxes: 1800
Property Reference #: 954
Agent Details:
Alta De Bruin
Caldan Homes
P O Box 17109, Sunward Park, Boksburg, 1470
Boksburg
HANDSOME RETURN ON INVESTMENT WITH GROWTH POTENTIAL !
LOW MAINTENANCE BUILDING !
LARGE AND SPACIOUS FLATS - WELL MAINTAINED AND MANAGED.
FULLY TENANTED !
SCREENED AND VETTED TO HIGH STANDARDS BY OWNER.
GOOD MIX OF BACHELOR, 1 BED AND 2 BED FLATLETS.
1 RETAIL TENANT MORE THAN 30YRS RENTING TO DATE.
HIGHLY SOUGHT AFTER AREA !
/
This EXCELLENT INVESTMENT Property Offers:
Entrance Foyer via access door
Various Unit options catering to a wide range of Tenants:
6 x 2 bedroom flats @ +-R4500 - R27000
Massive Rooms and spacious Lounges.
Neat bathrooms and Kitchens
Balconies.
2 x 1 bedroom flats @ +-R3500 - R7000
Large Lounge, Kitchen, Bathroom and a Spacious Bedroom.
Balconies.
All flats with pre paid and water meters.
3 x bachelor flats @ +-R3000 - R9000
Duplex Units, Modernised with Tiled Lounge, Kitchen and Bathroom on lower level, The bedroom is on upper Level.
All neatly Tiled and Modern Finishes and Cabinetry.
Solar Geysers and pre paid meters.
2x Retail shops @ +-R5000 - R10000
Large shops, one of the Tenants been renting for 30yrs plus.
Total Income R53 000 Gross
Zoning - Residential
No sectional Title
Under roof area 1200sqm
Net Income R42 000 pm
Extremely well cared for building with solid tenants. Owners disinvesting.
Call today to add this excellent Investment Property to your Portfolio !
Price negotiable, reasonable Offers from qualified Buyers will be considered.
Rates And Taxes: 1800
Property Reference #: 954
Agent Details:
Alta De Bruin
Caldan Homes
P O Box 17109, Sunward Park, Boksburg, 1470
Boksburg
Id Subtitle 1259115031
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Estimated monthly repaymentR 48,767
Total property loan amountR 4,500,000
Total interestR 7,204,037
Total repaymentR 11,704,037
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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Caldan Homes
Selling for 7+ years
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