Monthly Bond Repayment R13,863.59
Calculated over 20 years at 11.5% with no deposit.
This beautiful home presents a good opportunity to invest and own a property with established tenants and regular income.
This property consists of a main house and a separate cottage.
The property has 8 tenants and generates a monthly rental of R17 000. per month.
Each unit has a prepaid electricity meter which is managed by the tenants, and tenants pay for water separately.
The building also has an opportunity for a street level retail shop- which should achieve a further rental of between R5000 to R7000. per month.
This is a good investment, money generating property that requires little or no management.