Property description

Invest in this original 4 bedroom that is professionally partitioned to a 6 bedroom investment property. It is situated in the first floor.

INCOME GENERATION:

This property is fully tenanted and generates a gross rental income of R15,600pm. It generates an ROI above 35 percent making it a lucrative deal for a novice and expert investor.

PROPERTY FEATURES:

It comes with a kitchen, a communal lounge space, a shower, bath-tub and a separate toile. The bedrooms rooms come with build in cupboards. It has covered allocated parking space. The complex uses a tag for entrance and exit. Cars use a remote.

AMENITIES:

This property is a neighbour to culinary school, Boston college, art and language schools, University of Pretoria is 10 minutes walk, Loftus shopping complex is less 5 minutes drive, Union Building is overseeing this investment property, and recreational parks are surrounding the area.

MANAGEMENT:

The complex is well managed with good financials. There is a full time caretaker and a cleaner. 

INCOME VS. EXPENSES:

If its bought with the bank the R15,600 will cover the bond of R7600, levies at R2300, fluctuating rates of R280; leaving the owner with a good profit of R5400pm. Electricity and water bill are tenants responsibility.