MULTI LEVEL BUILDING WITH RESIDENTIAL UNITS !
IDEALLY LOCATED CLOSE TO LAKESIDE MALL !
NEAT BUILDING OVER 2 LEVELS WITH 61 UNITS !
LOW VACANCIES, HUGE DEMAND !
FULLY TENANTED !
LOW EXPENSES !
EXCELLENT MONTHLY INCOME !
BASEMENT PARKING !
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THIS FANTASTICE PROPERTY OFFERS:
Neat Solidly Built Building
61 Residential Rooms
Excellent demand and low vacancies (zero units vacant currently)
Fully Tiled Rooms and Common areas
Electricity metered and water added monthly
Low municipal expenses at R20k after recoveries
Gross Income at R163k
Nett Income at R121k pm
***EXPENSES:
INSURANCE R4000
BANK CHARGES R3000
MUNICIPALITY AFTER RECOVERIES R20000
CLEANER R3500
SECURITY R3000
VACANCY PROVISION R5000
MAINTENANCE PROVISION R3000
TOTAL EXPENSES R41500
NET RENTAL INCOME R121 150
Call us today to enquire on this FANTASTIC Property !