Property description
*** EXCLUSIVE MANDATE***
Prime located investment property in Rietfontein with rental income from 5 rental units.
This property has rental contracts in place, therefore ideally utilised as an investment property rather than for personal living.
The main house has been converted into 4 of the 5 units. The 5th unit is a separate outbuilding from the other 4 units.
This large erf is situated high up in Rietfontein and is currently being utilised as 5 units rented out residentially.
The unit descriptions and potential rental income are set out as follow:
Unit 1 - R 6,900/ month
- This unit features a small kitchen and open plan living room
- Bathroom with bath, shower and basin
- Top floor spacious bedroom with built-in cupboards
Unit 2 - R 5000/month
- Open plan living area and kitchen nook
- Small nook with built-in cupboards that can be used for dining space or a bedroom
- Separate bedroom
- Bathroom with bath, toilet and basin
Unit 3: R 4,500/month
- Bachelor's flat with kitchen nook and bathroom with shower, toilet and basin
Unit 4: R 4429/month
- Bachelor's flat setup with built-in cupboards, kitchen nook and bathroom with toilet, basin and shower
Unit 5: Separate/ Detached unit R 5562/month
- Kitchen
- Living area
- Bathroom with shower, basin and toilet
- Separate bedroom
- Study or small room
Total rental income of about R 24,000/ month.
Each unit has a braai area next to the unit and there is covered carport parking for each unit.
At the back of the property is a shared lapa with built-in braai and swimming pool.
Contact us for more information and to arrange a viewing.
- Pool
- Staff Accommodation
- Store Room
- Patio
- Freehold
- Security Features
- Pets Allowed
- Flooring: Tiles
- Walling: Partly Fenced, Partly Walled
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.
