- 3
- 3
- 1 916.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 1760.00
Property description
An established income-producing property offering investors the opportunity to acquire a multi-tenanted residential investment with three spacious bachelor units and long-standing leases already in place.
Generating a combined rental income of R22,000 per month, this property offers an attractive gross rental yield of approximately 9.8 percent based on the asking price of R2,700,000.
The property comprises three spacious bachelor units, each contributing to a diversified rental income stream. With long-standing tenants and existing leases in place, the property offers the benefit of established occupancy and income from day one.
Monthly expenses include municipal rates of approximately R1,760, as reflected on the municipal bill, together with weekly garden maintenance of approximately R200-R250. Tenants are responsible for their own prepaid electricity, while individual water sub-meters are in place and functioning well. Water usage is measured through opening and closing meter readings and charged to tenants at R70 per kiloliter, providing the owner with additional control over utility consumption and recovery.
The opportunity is particularly suited to a buy-and-hold investor looking to secure an income-producing property with existing rental demand and the potential for future rental growth.
INVESTMENT HIGHLIGHTS:
- 3 spacious bachelor units
- Long-standing tenants
- Existing leases in place
- R22,000 current monthly rental income
- R264,000 annual gross rental income
- Approximately 9.8% gross rental yield
- Rates of approximately R1,760 per month
- Weekly garden maintenance of approximately R200-R250
- Prepaid electricity with functioning individual sub-meters
- Water consumption individually metered and recovered from tenants
- Income-producing from day one
- Ideal buy-and-hold investment
- Investor buyers only
Please note: This is being marketed specifically as an income-producing investment opportunity and is not intended as a conventional owner-occupier purchase.
Property Details
- 3 Bedrooms
- 3 Bathrooms
- 3 Lounges
- 3 Dining Area
Property Features
- Storage
- Pets Allowed
- Access Gate
- Scenic View
- Garden
| Bedrooms | 3 |
| Bathrooms | 3 |
| Erf Size | 1 916.0 m2 |
Contact the Agent
Jarred Houston
Candidate Property Practitioner
