Property Details

Calling all Investors on this one, Price Negotiable. All structures on this Property have been approved by the city council, Approved plan at hand This Conner Stand property is well-located in a quiet and safe area, The property offers a (main house) a 2bedroom 1bathroom in the Main house, The other 6 flats are equally built and well Maintained, All structures are under the Municipality Approved Plan, It is a 1bedroom,1 bathroom, an open plan lounge and a kitchen area, Every unit has a geyser, Enough parking space for all the unit and more. The Rental income on each flat at the moment is 3500 monthly which can also be increased at the end of every year, The main house is a spacious 2 bedroom, the lowest estimated rent on that is 5500 monthly, The Investor is looking at about 26500/month, and more income can be made after increasing the rent, It is a good return on a property of 1.850 mill, rates and takes is just below 1500/month Electricity is prepaid, It is a very good return on investment, This property and the added structure are newly done about just 2 years old, there's nothing that is needed to be done other than just maintaining the property, 2 min walk to the new Astron Energy petrol Station, 5 min walk to Ackermans Pharmacy, Walking distance to Spar, PnP, and ShopRite, Look no further if you are looking at investing, this property offers you all you need or want to be on the right track, Contact me today for more information on this one,