Property features

R6 299 000

Property Details

Incredible returns on investment! What does this property consist of? 8 Rental units on the Property 12-month lease agreement contracts - All units occupied with 12-month leases in place - All currently at max capacity - of the tenants have been there for over 5 years! Current Rental rates: 4x 3 Bedrooms Units at R 9000 pm 3x 2 Bedrooms Units at R 8000 pm Unit 8 is a bachelor unit being rented out at R2000 (has a kitchenette & bathroom with only a shower) 3 Bedroom units have beautiful gardens with built in braais & patio area. (some gardens bigger than others) 2 Bedroom units have smaller gardens and built in braai area. Units all have prepaid electricity meters. Water is charged to all tenants at R 250 per person, per month. 2 Carports per unit! Borehole & irrigation Childrens garden - little play area Rates & Taxes R 1 985 Waste management R 2 400 Monthly rental income is R 65 000,00 pm (after city of Tshwane costs) No levies are currently being charged, as gardens are to be maintained by tenants. Call Kyle for your exclusive viewing! Fantastic investment opportunity Walking distance from Kolonnade shopping center All units at full capacity