Property description
Harcourts Non-Distressed, Auction Platform:
* Bidding to start from R580 000
* 3 pre-scheduled viewing hours available / private viewings by appointment only
* Written offers prior to the auction date will be considered
* Auction date set for Thursday the 15th of April at 1400, bidders need to register prior to the auction date
* Only cash and finance offers will be considered - proof of funds/finance required
* No buyer fees or additional costs for the buyer
* Normal transfer duty and costs apply
Investor Opportunity – High Rental Yield Property - Fixer Up
Attention investors! This income-generating property presents an excellent opportunity for those looking to expand their rental portfolio.
The main house has been converted from a 3-bedroom into 7 rentable rooms, complemented by 2 additional cottages, already producing over R16 000 per month in rental income.
The property also offers additional space for further development, giving savvy investors the potential to increase the number of rooms and maximize returns.
Properties with this kind of existing rental income and expansion potential rarely stay on the market for long.
Contact me today to arrange a viewing and secure this opportunity before it’s taken.
- Flatlet
- Staff Accommodation
- Freehold
- Walling: Fully Walled
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from Harcourts Kempen
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Agents
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
