R2,900,000
R2,900,000
Monthly Bond Repayment R31,427.50
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
Monthly Rates
R2,020
R2,020
SO MUCH POTENTIAL!!!
Dont miss out on this one!!!
Here we have a large 495m2 building which offers 35 bedrooms, 7 bathrooms, and underground parking for 8 cars.
The rooms are currently being rented out at 37% capacity and fetching a rental of R19 600 with the potential for much much more. Prepaid water and electricity meters has been installed which means low rates. The block could use some maintenance and renovations but shouldn't affect the rental at all.
This building is conveniently located off Raymond street which is quite popular with students as well as young professionals finding their feet.
The block is in a great location, close to Yeoville Shoprite, very close to the Community Hall, library, Post Office, Police Station, Shoprite, vegetable/fruit market, and Yeoville Boys High School. It is also close to the main taxi and bus routes.
Estimated Rates: R 5832.03 per month
Potential Rental: R 52 800 per month when fully let
Features
Interior
Bedrooms
25
Bathrooms
7
Exterior
Carports / Parkings
8
Security
Yes
Flatlet
1
Sizes
Land Size
495m²
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