This corner property has sufficient living space to accommodate three families or three rental incomes of R16 000 per month; with a capital outlay of just over R10 000 on a full R950k bond. This is an ideal home should you decide to live in the main 3 bedroom house and rent out the other two units for a total of R10 000 per month. Close to all amenities, schools and centrally situated in Nigel is an added advantage to owning this property.
Unit 1 - Main house consists of (earning potential of R6 000):
* 3 large bedrooms
* bathroom with a separate laundry and extra toilet
* lounge and dining area
* garaging for 3 cars
* gas stove, pre-paid electricity
* secure, own entrance with remote gate and automated roll-up doors
Unit 2 - 3 bedroom house (rental income of R5 500)
* 2
bathrooms with main en-suite
* lounge, dining room
* electric stove, gas geyser and pre-paid electricity
* own entrance with enclosed garaging for two cars
Unit 3 - 2 bedroom (rental income of R4 500)
* open plan kitchen dining and lounge
* bathroom with bath, toilet and wash basin
* gas stove and electric geyser with pre-paid electricity
* own entrance with garaging for 2 cars
All three units are neatly tiled. Each unit has its own small garden / outside area.
The entire property is secure and fenced. There is one water and rates account of just over R800.
If you want to subsidize your bond and let out the two units, your portion on the R950 000 bond will be approximately R2 000 per month plus the utilities. A bargain I would say! Call now to view and buy this good investment.
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