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 !