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This property is suitable for a property investor or business minded people. There are 8 well maintained, neat apartments in the property. There are 4 big rental units/ apartments in the front and another 4 smaller rental units/ apartments at the back. Each unit has its own bathroom with shower, sink basin and toilet with a mini kitchen in the open plan space of the lounge and bedroom.
The big units are currently being rented out at R2 300/m each and the smaller units are being rented out for R1 600/m each thus making a combined rental income of R15 600/ m. Electricity averages R700/m which is shared amongst the tenants renting the property.
Currently there is parking for 2 cars inside the secured yard with space for a washing line and the high walls surrounding the premise with a locked gate. The current total rental income is R15 600/m and has easily increase to R18 000/m.
Situated in the quiet street of Delft South Suburban and within close proximity to the shopping centre, clinic, schools, public transport and sporting facilities.
You can call me, email or WhatsApp me to set up viewing