Monthly Bond Repayment R20,795.38
Calculated over 20 years at 11.5% with no deposit.
Web Ref No 6586276
ENCLOSED AREA
ENCLOSED AREA Exceptional Investment Opportunity: Versatile Corner Stand Property - **Size:** 987 m² - **Location:** Prime corner stand Unit 1: Beautifully Renovated Two-Bedroom Unit - **Rental Income:** R10,000 per month (excluding water and prepaid electricity) - **Features:** - Extra-large open-plan lounge and dining room with high ceilings and hanging ball lights - Separate kitchen with granite countertops, ample cupboard space, and a gas stove. Double Eye Level ovens - Gas geyser - Two bedrooms with built-in cupboards; the main bedroom opens to a private courtyard - Family bathroom with bath and shower - Linen closet - Private garden with patio and shaded cover - Own entrance for parking
Unit 2: Cozy One-Bedroom Apartment - **Rental Income:** R5,500 per month (including water) - **Features:** - Lounge and dining room - Linen closet - Cozy kitchen with an electrical stove - Bathroom with shower and bathtub - Large garden at the back and side of the property - Separate entrance on the road outside the enclosure - Prepaid electricity and gas geyser
Additional Features: - **Double Garage:** Potential for conversion into a shop or office. With sliding door and tiled. - **Wooden Shack:** Ideal for use as a studio 70m2 (note: no electricity in this unit)
Why This Property? - **Versatility:** Multiple rental units with current income streams - **Potential:** Opportunity to convert and expand usage (e.g., shop, office, studio) - **Privacy:** Separate entrances and private gardens for each unit