7 Bed House in Grahamstown Central

R 1 900 000

Alexis Bowker

RE/MAX Frontier Properties

7 Bed House in Grahamstown Central

R 1 900 000

Address: 3 cuyler street
7 Beds
4 Baths
Land Area 268 m² Rates R 712

Makhanda(Grahamstown) Central Business District

Excellent prime position in the heart of Makhanda (Grahamstown). Super convenient to all shops and Rhodes University. Suitable as student accommodation or business premises.

The property currently consists of 4 flats. Each of the 4 flats has a geyser, key alarm and prepaid electricity. Total rental income R20 800.00 per month. Flat A,B andamp C are managed so a management fee is deducted from the rental amount.

With a 10% deposit and bond of R1 710 000.00 the monthly repayment (at 7%) is only R13 358.00. This property will pay for itself from day one!

Could also have 2 x businesses in the two portions that have street frontage on Cuyler Street and keep the other two flats at the rear of the property as accommodation.

Or on cash purchase you'll receive approximately R249 600.00 p.a. on your investment of R1 900 000.00

See below for breakdown of each flat.

3A Disabled access. Ramp

2 Bedrooms

Lounge

Small Kitchen

Bathroom with shower, basin and toilet

3B - 2 Bedrooms

Lounge

Kitchenette open plan

Bathroom with shower, basin, toilet

Tiled

Security gate

3C - 2 Bedrooms

Bathroom

Lounge/kitchen counter and sink

Security gate

3D Small bachelor flat

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Key Property Features

7
Bedrooms
4
Bathrooms
4
Dining Areas
4
En-suite
3
Lounges
Flatlets
Pet Friendly

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7 Bed House in Grahamstown Central

R 1 900 000

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