13 Bedroom House For Sale in Randburg

Property description

Reasonable offers will be considered.
Upmarket Northcliff Johannesburg. Let your Investment work for you...or Earn while you stay in luxury!! Reduced to Sell!!

Priced to sell!!!...3 modern houses, 2 modern Aparments, 1 cottage..live AND Invest.....existing income..!!

Urgent Sale!!

Excellent investment opportunity in sought after area Northcliff Johannesburg...most amazing views over Sandton, Bryonston and Johannesburg!! Priced to sell!!

Previously a successfully operated self catering accommodation. Air B&B's are trending in today's market.!!

+++ Extra Bonus....+-60% Furnitured, Appliances, linen, curtains etc...are all included in the selling price!!!

Sadly Covid happened and the owner decided to rent the houses and apartments out on a year to year basis, with 3 months notice, as all tenants are aware of the marketing process.

Turn back selfcatering....IF SO DESIRED your investment will offer even a much greater financial return.

The property offers in total 13 on-suite rooms when operated as a guest house with their own privacy, lounge, ding, kitchen etc. for each unit..B&B / self-catering. Offering beautiful views over Sandton, Bryanston and Johannesburg.

All units annual increase will take place before end 2022 by 7.5% increase. That total to new rental income of R93 500pm.

Operated on a permanent rental basis the units currently generates an income of R87 000pm.

Income of units as follows: NOTE each tenant pays own water and electricity usage.

Vista 1 R15 000pm - excl water and electricity
Vista 2 R14 500pm - excl water and electricity
Thatch Double story Villla R 17 500.00pm - excl water and electricity
Poolside Villa R 17 500pm - excl water and electricity
Garden Villa R17 500.00pm - excl water and electricity
Studio villa R5000pm - excl water and electricity

Current expenses which includes rates taxes, Gardner and general maintenance.. comes to +-R5000pm

The beautiful pictures does not do justice to this property...the property is a MUST view to appreciate what it has to offer!!

Contact me anytime for a viewing appointment.