Property features

R5 975 000

Property Details

FANTASTIC HIGH INCOME PROPERTY ! EXCELLENT RETURNS ! NO WORK, SOLD WITH ALL EXTRAS ! APPROVED PLANS FOR x5 ADDITIONAL UNITS ! STUNNING MODERN FINISHES THROUGHOUT - ABSOLUTELY NO WORK REQUIRED ! ZONED RES 3 - FOR DOUBLE STOREY IMPROVEMENT ! ***********SOLE MANDATE******* / This EXCEPTIONAL INVESTMENT Property brought to you EXCLUSIVELY by Caldan Homes, Offering the following: Automated Access controlled Gate Paved Driveways and AMPLE Parking 15 x Immaculate Bachelor and 1 Bed Rooms, with modern finishes and boasting own DsTv, Fibre / Wi Fi, aswell as appliances (All Furniture and Appliances INCLUDED !) Plans have been approved to add x 5 additional units Stand size 1823sqm Coverage 50% Zoning Res 3 - Allowing Two Storey Build up INCOME: Goss monthly R80k Bachelor Units let on 12 month leases at between R4800 - R5500 pm ( some rooms vary in size) Currently 2 Vacancies Net Income at R65k - R68k Fully Occupied R.O..I. 13% net Expenses: Rates R4225 Refuse R750 Water R4234 Sewerage R2888 TOTAL EXPENSES R12097 ***. Motivated Seller - Price reduced !! *** Gas Geysers reducing running costs Pool with Pizza Oven, and Braai Area Covered Patios Covered Parking Bays Electric Fence Auto Access Gate Boasting with a sirene and idyllic atmosphere making this a valuable addition to your property portfolio ! Located on the busy Main street in Witfield, close to major routes and the Airport adds to its high demand and sound income. Pristine condition property - Call us today, before its Gone !