Property features

R2 750 000

Property Details

EXCELLENT INCOME GENERATING PROPERTY ! REGISTERED GUEST HOUSE RIGHTS ! 11 X BEAUTIFUL MODERNIZED COTTAGES ! AMPLE COVERED PARKING BAYS ! BOREHOLE, SOLAR GEYSERS AND GEYSER TIMERS TO KEEP COSTS DOWN ! FANTASTIC DEMAND - FULLY LET ! IDEALLY LOCATED IN A QUIET FAMILY ORIENTATED NEIGHBOURHOOD ! / This Excellent Income Property Offers: Auto Access gates and paved parking areas for all units, under shade Net Coverings. Following a thoughtful conversion, the property now presents 11 beautifully appointed, self-contained units, showcasing a seamless fusion of contemporary style and cozy charm." Units: 3 x 1 Bedroom units with small lounge area, kitchen, Bathroom with shower and a spacious Bedroom. 8 x Bachelor Units with Spacious Bedroom, Kitchenette and Bathroom with Shower. All Units are in pristine condition and are well maintained by the current Owners. REASON FOR SELLING: Old Age and disinvesting by the current owner. Income: Rentals at R4000 pm includes all Utilities Expenses: Rates R1189 Water R2850 Refuse R725 Sewer R785 Electricity R8000 - R10000 Total Exp R15 500 Nett Income R29 000 Call us today to add this Income Property to your Portfolio !