Monthly Bond Repayment R79,982.22
Calculated over 20 years at 11.5% with no deposit.
Property can be subdivided into sectional title units to sell individually.
Apartment Block consist of:
3 x 1 Bedroom one Bathroom with Lock up Garage
4 x 2 Bedroom, two Bathroom with Lock up Garage
2 x 3 Bedroom, two Bathroom with Lock up Garage
Income R57 000 per month with all 9 tenants on contract.
Expenses less than R4000 a month which include Rates & Taxes.
Special Features:
2 x JoJo Tanks for back up water.
1 Room with kitchen and bathroom for supervisor or staff.
Laundromat for use of tenants with washing machine and tumble drier.
Tiled garages one and a half for vehicles (half can be used for storage etc.)
Very neat and well looked after property.
Do not miss out on this investment opportunity!
Laundry Room for tenants