Property description
Purely for income generation!
This investment of note is built on 1273 sqm land consists of 2 solid blocks of flats with a floor plan of 732 sqm comprising 24 big rooms each with toilet &shower .The rooms are further enhanced by prepaid electric metres. This jewel is strategically positioned close to a TVET College and Government Departments of Water Works , Labour, Social Development & Police Service.
Presently the rental per month per room is R1200.00 & is due to be raised to R1550.00 respectively on the 1st March 2022.
A cherry on top, this establishment is usually fully tenanted!
Add to your investment portfolio or just make a start towards churning your passive income.
- Security Features
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
