Property features

R 650 000

Property Details

ANOTHER EXCEPTIONAL INVESTMENTN ! HIGH YIELDING PROPERTY ! BLOCK OF FLATS 17 x Units PLUS 3x GARDEN COTTAGES ! FULLY TENANTED ! MASSIVE STAND IN PRIME LOCATION ! / This INVESTMENT PROPERTY Offers the following: Set on a MASSIVE 3000sqm Erf, the property offers a Block of 17 Two Bedroom Flats All with Huge Lounges, Kitchens and x 1 Bathroom Secure covered carports and visitor parking, with a total of 18 parking bays, and 3 Lock up garages. The property Further offers x 3 Cottages: - Cottage 1 offers 3 bedrooms, 1 bathroom with shower, study, and an open-plan kitchen and dining space. - Second Cottage - A Duplex Unit with 2 bedrooms with built-in cupboards, a stylish lounge, kitchen, dining area, and a serene private garden. - Cottage 3 - Offering 3 bedrooms, 1 bathroom, a garage, a spacious kitchen, and an open-plan lounge The property boast Lush established Gardens with lovely seating areas to relax - a peaceful homely setting ! A corner stand with 3 street fronts and high visibility lending to a high tenant demand in a sought after area. Income : Monthly rentals totals R95 000 pm ! Boasting a 4 year recovery on Investment period ! Call us today to make this your next investment ! ****** A second neighboring property is on Offer by the owner at R6m with a healthy income of R60kpm *****