This property is a fantastic investment opportunity. If all rooms and outside units are occupied the rental income is R22 600 per month. Each room and unit has their own pre paid electricity meter. Situated right next to Ikhaya Junction, it is perfectly located for student accommodation.

The huge tiled living room has been tastefully converted into a spacious open plan lounge and kitchen with a bedroom and en suite bathroom. This unit has it's own front door and are rented out for R3800. The property has a modern kitchen with ample built in cupboards, granite tops, connection for washing machine and a separate wash up area. A further 3 bedrooms is available for students -all with build in cupboards and teak flooring. The 2 bigger bedrooms is rented out for R2700 each and the third bedroom for R2500. This 3 bedrooms share a full bathroom and a guest toilet.
The first outside bachelor unit has a bedroom and bathroom with shower room rented out for R3300. The other 2 units has a bedroom, bathroom with shower and kitchenette going for R3800 each.

The property also has a lock up carport, lapa and swimming pool (needs attention).

You can either use this property for investment purposes OR it would be perfect if you have a large family. Call to book your viewing today! Read more...