Property Details

Location of Property Haddon This amazing investment is situated in a peaceful street in a suburb South of Johannesburg. It is central to all amenities on a bus & taxi route, only 6 mins away from The Glen Shopping Mall and 15 mins away Johannesburg CBD and WITS University. It is just off the main N12 highway which has quick and easy access. -Description of Property This residential investment property has a ERF size of +/-1000 m which has 11 newly built bachelors units and a 3 bedroom house. The property has a full boundary wall with razor wire all around, fully secured parking for 15 cars. Two built in braai area for tenants to enjoy -Description of Units The bachelor units have been built to accommodate both student as well as normal residents. Each bachelors unit has its own bedroom, kitchen with built in cupboards and its own 2 plates gas stove, a shower and toilet equipped with its own gas geyser, each unit has its own gas supply that is fitted according to regulations. There is prepaid Electricity meter and water meter for each unit for easy control on usage of Utilities. The main dwelling is a standard 3 bedroom house with a lounge, dinning room , entrance hall and bathroom. Each unit has its own washing line and wash basin -Occupancy rate The property is currently running on a 100% occupancy rate, we have active property agents always there to assist when needed to fill up units which they advertise on the various advertising portals, screen potential tenants according to affordability and ITC ratings to ensure that only quality tenants are granted occupancy -Rental Income These 12 investment Units yields a gross income of R40 000 per month once fully occupied