Great rental income generator!
ASKING PRICE: R582000
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.
This is a duplex situated on the 4th floor. Internally the living area & kitchen are on the bottom level with the loft bedroom and en-suite bathroom with shower upstairs.
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 & videos, and happy with what the property offers.
PLEASE CONTACT ME TELEPHONICALLY & I WILL BE HAPPY TO ASSIST.
INVESTMENT FIGURES:
Rental: R5300pm
Levy: -R705
Rates: -R85
Nett: R4510
Yearly: Nett return: R54120 (9.3%) !!