LONGTERM TENANTS AND EXISTING RENTAL INCOME. INVESTORS ONLY.
OFFERS IN THE MID TO UPPER R500000's considered
ASKING PRICE: R589000
Central Square is situated right next to Sanlam Head Office, countless eateries and restaurants, public transport & the busy Bellville CBD district. Also situated within walking distance to Northlink college & many of the online learning institutions and places of work, making this an always popular rental income generator for investors looking at a good return on investment. With an existing tenant currently renting at R5300 per month, this is an entry level, hassle free investment.
The one bedroom is situated in a strictly managed security complex, has a small laundry room with coin operated machines and safe parking & refuse removal room.
The internal layout is spacious, open plan flowing out onto a balcony. The single bedroom has built in cupboards & an en-suite bathroom with shower.
WITH THE ADVENT OF COVID 19, VIEWINGS ARE LIMITED AND VIEWINGS ONLY AFTER HAVING SPOKEN WITH ME TELEPHONICALLY AS WELL AS IF:
1. You a serious buyer,
2. Have you finances in place or ask me to assist you with getting a pre-approval,
3. Are familiar & happy with complex location (See maplink),
4. Have familiarized yourself with the complex,
5. Have carefully read all the above info and know it to be suitable,
6. Have viewed photos and happy with what the property offers.
INVESTMENT FIGURES:
Rental: R5200pm
Levy: -R812
Rates: -R80
Nett: R4308
Yearly: Nett return: R51696 (8.8%) !!
PLEASE CONTACT ME TELEPHONICALLY & I WILL BE HAPPY TO ASSIST.