5 Bedroom House For Sale in Cape Town
BondCosts
Property description
This sale is Subject to Confirmation by the parties involved
Income-Generating, Multi Unit Property - Kensington, Cape Town
104 Acre Rd, Kensington, Cape Town, Western Cape
ERF Size: 543 m²
Rates: Approx R1 500pm
The Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to its condition, location, and any improvements thereon.
The Purchaser must further familiarise themselves with the terms and conditions applicable to this Lot.
Investment Overview
• Main house PLUS 3 additional 1-bedroom units
• Each additional unit includes a kitchen and shower
• Current rental income: Exceeds R34,000 per month
• Tenanted – earn from day of transfer
• Strong rental demand in the area
Main House
• 2 Spacious bedrooms - master suite with walk in closet
• Brand-new modern kitchen with gas stove and double oven
• Open plan lounge and dining area
• Swimming pool for private use
• Generous yard space - paved
Additional Units - 3 x 1 Bedroom Flats
• 1 Bedroom per unit
• Kitchen in each unit
• Shower and toilet in each unit
• Close to main transport routes
• Near schools and everyday amenities
• High-demand rental suburb
Property Benefits
- Each unit has it's own pre paid electricity meter
• Immediate cash flow
• Ideal for investors building a portfolio
• Opportunity to increase returns with minimal to no improvements
• Flexible configuration – live in the main house or rent out entirely
A 10% deposit and 5% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed.
The buyer is required to provide the Certificates of Compliance
- Pool
- Study
- Flatlet
- Freehold
- Security Features
- Pets Allowed
- Flooring: Tiles
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from BidX1 South Africa - Head Office
Terms of useGet in Touch
Agents
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
