FANTASTIC HIGH INCOME PROPERTY !
EXCELLENT RETURNS !
NO WORK, SOLD WITH ALL EXTRAS !
STUNNING MODERN FINISHES THROUGHOUT - ABSOLUTELY NO WORK REQUIRED !
ZONED RES 3 - FOR DOUBLE STOREY IMPROVEMENT !
****SOLE MANDATE
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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 !)
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 !