R3,000,000
R3,000,000
Monthly Bond Repayment R32,511.21
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
Monthly Rates
R1,800
R1,800
EXCLUSIVE MANDATE: LUCRATIVE MULTI-UNIT RESIDENTIAL PROPERTY, SUSTAINABLE FEATURES AND HIGH RENTAL
This exceptional multi-unit property offers a unique opportunity for investors seeking a steady rental income stream. Located in a desirable and high-demand area, this property features 6 well-maintained rental units, each designed for comfort and convenience. Ideal for long-term rental, short-term leasing, or a mix of both, this property ensures a reliable income with potential for growth.
Zoning: Residential 2 (Res 2)
Features:
• Borehole: Provides a reliable alternative water source, ensuring sustainability and cost savings.
• Remote Access Gate: Enhances security and convenience for tenants, allowing controlled access to the property.
Rental Income: The property consists of six rental units, each with different configurations and rental rates:
• 2 x 1-Bedroom Units: Each renting for R 3 500.00 per month, generating a total monthly income of R 7 000.00.
• 2 x 2-Bedroom Units: Each renting for R 5 500.00 per month, generating a total monthly income of R 11 000.00.
• 2 x 3-Bedroom Units: Each renting for R 7 500.00 per month, generating a total monthly income of R 15 000.00.
Total potential rental income per month: R 33 000.00
Amenities
• Gas Geysers: Four of the units are equipped with gas geysers, providing an energy-efficient solution for hot water.
• Gas Stoves: All units feature gas stoves, offering tenants a cost-effective and reliable cooking option.
• 1 x Solar Geyser
Unit Breakdown
Unit 1:
• Bedroom: 1
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 3 500.00
This unit is ideal for singles or couples looking for a compact and affordable living space.
Unit 2:
• Bedroom: 1
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 3 500.00
Similar to Unit 1, this unit caters to singles or couples, offering a cozy and functional living environment.
Unit 3:
• Bedrooms: 2
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 5 500.00
Perfect for small families or roommates, this unit provides additional space and comfort.
Unit 4:
• Bedrooms: 2
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 5 500.00
This unit is similar to Unit 3, offering ample space for families or shared living arrangements.
Unit 5:
• Bedrooms: 3
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Courtyard: Yes
• Monthly Rent: R 7 500.00
Ideal for larger families, this unit includes a courtyard, providing additional outdoor space for relaxation or activities.
Unit 6:
• Bedrooms: 3
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Courtyard: Yes
• Monthly Rent: R 7 500.00
Similar to Unit 5, this unit is designed for families needing more living space and an outdoor area.
Investment Summary
This property offers a blend of one, two, and three-bedroom units, catering to a diverse tenant base. The inclusion of gas appliances and a borehole adds significant value and appeal, ensuring lower utility costs and sustainability. With a total potential monthly rental income of R 33 000.00, this property represents a sound investment opportunity in a desirable residential area.
Features
Pets Allowed
Yes
Interior
Bedrooms
12
Bathrooms
6
Kitchens
6
Reception Rooms
6
Sizes
Land Size
1,251m²
Extras
Borehole • Access Gate • Garden • Paving • Pets Allowed • Backup Water • Built-in Wardrobes
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