The property is well designed and well-built. The development consists of 8 duplex townhouses and sold as an investment portfolio. There are no mortgages registered. The development is fully walled with controlled automated entrance gate. The townhouses have separate walled private gardens. Security burglar bars fitted to all opening. The units offer sliding aluminium windows and doors throughout with views of Table Mountain. Well-sized living areas and large bedrooms and upstairs bathrooms. Each one has tiled entrance, three bedrooms, two bathrooms all with built-in-cupboards. Lounge and Dining room - Single garage with direct access to townhouse - Private walled patio and garden - Ample visitors parking Alarm systems fitted throughout. The garage has direct internal access into the townhouse offering even more security. The 8 townhouses are all fully rented with a minimum 1-year Lease. There is a 12% rental escalation clause in the Leases. Tenants pay additional costs for CTCC services and electricity. The owner pays for external building maintenance, building insurance and CTCC rates and taxes. There is no sectional title register on the property it is registered as a close corporation company with one member. Situated on Blaauwberg main road with automated entrance gate and on the Myciti bus route and close to the malls. Makes this one an amazing opportunity for a great investment. Rates and taxes in total R 60 000 per annum. Dec Rental Income R11 500 pm x 8 units R 92 000 pm
Three bedrooms all with BIC''S -Main en-suite bathroom
Tiled entrance
Family bathroom
Kitchen
Lounge and Dining room
Single garage with direct access to townhouse
Private garden with patio to each townhouse
Ample visitors parking
Floor space area 110 m per townhouse
Key Property Features
Contact Agent
Need a home loan?
