R2,450,000
R2,450,000
Monthly Bond Repayment R26,550.82
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
R1,200
GOOD FOR RENTAL
This property was developed as rental units and the dwellings have been placed close to the one end of the property leaving a large amount of space for additional buildings, storage or parking on this large stand of 1.1Ha. Situated at the end of a panhandle driveway, it is set well back from the road.
The property has no Eskom connection (although one can connect) and relies on a solar installation for power. It has a well and a borehole could be sunk. Municipal water is available.
The property has two large four bedroom units which share a common open plan lounge and kitchen with plenty of cupboards, granite tops, and space for appliances and a bathroom with shower and separate toilet.
Each room is rented out at R2800 per month. A total of eight rooms for a maximum rental of R22400 with room to build more. In addition there is a storeroom. Eight carports provide shade for cars.
Plenty of space to farm. Established trees along the boundary.
Close to the university, mosque and clinic, this is a perfect opportunity for additional income generation or to run a suitable business. With approximately 350m2 under roof there is plenty that can be done with the existing structure. Securely fenced and gated.
Please call for a viewing.
Features
Interior
Exterior
Sizes
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