Web Ref RL950596
R2,800,000
Monthly Bond Repayment R30,343.79
Calculated over 20 years at 11.75% with no deposit.
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Monthly Rates
R1,890
R1,890
EXCEPTIONALLY WELL STRUCTURED INVESTMENT PROPERTY TO MAXIMISE THE OCCUPANCY AND CURRENT INCOME FLOW
The property is well located in close proximity to a number of tertiary education centres...UJ, WITS and AFDA as well as numerous shopping centres, restaurants, medical facilities, public transport and the general vibe of the area yet situated in a more residential area which is quiet and secure with all the benefits of accessibility yet the enjoyment of tranquility.
The property is divided into 3 distinct sections - there 3 cottages not attached to the main house and each cottage is self contained with a living area which doubles as a dining/lounge/study, an ope plan kitchenette, a good sized bedroom and bathroom comprising shower, toilet and basin. All the cottages have their own entrances from the common ground.
The main house has been modified to allow the maximisation of the space available. There are 6 very spacious double bedrooms with access via the central passage through the house.
3 bathrooms serve the needs of those in the house and the configuration of these is as follows: Bathroom 1 has 3 showers and 2 toilets, bathroom 2 showers and 2 toilets, bathroom 3 i shower and 1 toilet.
A large communal kitchen serves the occupants in all their needs, cooking, washing and eating.
In addition there are 2 separate stand alone bedrooms and occupants make use of the facilities in the main house.
The property is full walled with good security. Prepaid electricity and internet connected.
The income flow is excellent and an income/expenditure statement is available for perusal. There is an established income flow which shows a good ROI.
The property is located in an excellent position on the edge of Auckland Park and Melville within a quiet area of the suburb but within walking distance to all amenities and with easy reach of the Johannesburg CBD as well as Rosebank and surrounds.
There is off street parking for 8/9 cars with 5 being undercover.
This is an exceptional business opportunity and needs to be viewed to fully appreciate the potential and to have sight of the income and expenditure statement.
To arrange a view contact the agent.
The property is divided into 3 distinct sections - there 3 cottages not attached to the main house and each cottage is self contained with a living area which doubles as a dining/lounge/study, an ope plan kitchenette, a good sized bedroom and bathroom comprising shower, toilet and basin. All the cottages have their own entrances from the common ground.
The main house has been modified to allow the maximisation of the space available. There are 6 very spacious double bedrooms with access via the central passage through the house.
3 bathrooms serve the needs of those in the house and the configuration of these is as follows: Bathroom 1 has 3 showers and 2 toilets, bathroom 2 showers and 2 toilets, bathroom 3 i shower and 1 toilet.
A large communal kitchen serves the occupants in all their needs, cooking, washing and eating.
In addition there are 2 separate stand alone bedrooms and occupants make use of the facilities in the main house.
The property is full walled with good security. Prepaid electricity and internet connected.
The income flow is excellent and an income/expenditure statement is available for perusal. There is an established income flow which shows a good ROI.
The property is located in an excellent position on the edge of Auckland Park and Melville within a quiet area of the suburb but within walking distance to all amenities and with easy reach of the Johannesburg CBD as well as Rosebank and surrounds.
There is off street parking for 8/9 cars with 5 being undercover.
This is an exceptional business opportunity and needs to be viewed to fully appreciate the potential and to have sight of the income and expenditure statement.
To arrange a view contact the agent.
Features
Pets Allowed
No
Interior
Bedrooms
6
Bathrooms
3
Kitchen
1
Reception Rooms
1
Furnished
No
Exterior
Security
No
Parkings
9
Flatlet
5
Pool
No
Sizes
Floor Size
360m²
Land Size
896m²
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