Property Details

This is a great long term investment property in a central hub area. The size of the land allows for a multiple development options. This well located property is situated in the affluent suburb of Bryanston Ext 3 . It is situated next to all major routes with the Olivedale Hospital 2km away. The property has been re-zoned for Educational purposes and has consent for 50 children . The property measures 3000m2 with the house at 220m2 under roof. This property is sold with an established tenant who has been renting from the owner for the past 5 years, due to its good location and ample office space. The asking price for this investment property is a modest R3million. Year Established: 2010 Lease Term: Current tenant has been there 5 years Rental Income: R30000,00 Average Monthly Expenses: R1000,00 ( Rates) Average Monthly Net Profit before Tax: R29000,00