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Profitable 18-Unit Townhouse Complex in Polokwane Annadale.
R 13,500,000
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2 months ago87 views
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General Details
Location:
Description
This prime townhouse complex, located in the highly desirable Annadale area of Polokwane, offers a lucrative investment opportunity. The property consists of 18 units, each generating a steady monthly rental income of R6,615, ensuring reliable and consistent cash flow. Currently, all 18 units are fully occupied, contributing to a total monthly rental income of approximately R120,000. Additionally, one unit is vacant and has been converted into a student accommodation space, designed to accommodate 9 students. Once occupied, this unit could generate an estimated R3,500/month, further enhancing the property’s rental income potential. Annadale is an area with high rental demand, particularly due to its proximity to key amenities, schools, and educational institutions, making this complex an attractive choice for both tenants and investors alike.
Key Features:
All 18-unit Townhouse Complex fully occupied.
Monthly rental income: R120,000.
One vacant student accommodation unit, potential rental income R3,500/month once occupied.
Strong rental demand in Annadale.
Close to amenities, educational institutions, and major transport routes.
This property offers a stable income stream with room for growth—an excellent opportunity for investors looking for high yields in a prime location.
Please contact me for a private viewing. This isn't just an investment—it's a power move. Let’s talk keys!
Rates And Taxes: 5800
Property Reference #: 1025
Agent Details:
Sunet Hattingh
Simply Properties
7 Ismini Avenue, Bendor, Polokwane, 0699
Key Features:
All 18-unit Townhouse Complex fully occupied.
Monthly rental income: R120,000.
One vacant student accommodation unit, potential rental income R3,500/month once occupied.
Strong rental demand in Annadale.
Close to amenities, educational institutions, and major transport routes.
This property offers a stable income stream with room for growth—an excellent opportunity for investors looking for high yields in a prime location.
Please contact me for a private viewing. This isn't just an investment—it's a power move. Let’s talk keys!
Rates And Taxes: 5800
Property Reference #: 1025
Agent Details:
Sunet Hattingh
Simply Properties
7 Ismini Avenue, Bendor, Polokwane, 0699
Id Subtitle 1320819251
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Estimated monthly repaymentR 146,301
Total property loan amountR 13,500,000
Total interestR 21,612,109
Total repaymentR 35,112,109
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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Simply Properties
Selling for 1 year
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