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 EXCEPTIONAL PROPERTY OFFERS:
Neat Solid Built Building
61 Units - Bachelor / 1 Bedroom Units with bathrooms and Kitchenettes.
Excellent demand and low vacancies
Fully Tiled Units and Common areas
Electricity metered and water added monthly
Low municipal expenses at R20k after recoveries
Gross Income at R178k
Net R 132k
***EXPENSES:
INSURANCE R4000
BANK CHARGES R3000
MUNICIPALITY AFTER RECOVERIES R20000
CLEANER R3500
SECURITY R3000
VACANCY PROVISION R5000
MAINTENANCE PROVISION R3000
TOTAL EXPENSES R41500
NOI R124 150
Call us today to enquire on this FANTASTIC Property !