Reasonable offers will be considered.
Upmarket Northcliff Johannesburg. Let your Investment work for you...or Earn while you stay in luxury!! Reduced to Sell!!
Priced to sell!!!...3 modern houses, 2 modern Aparments, 1 cottage..live AND Invest.....existing income..!!
Urgent Sale!!
Excellent investment opportunity in sought after area Northcliff Johannesburg...most amazing views over Sandton, Bryonston and Johannesburg!! Priced to sell!!
Previously a successfully operated self catering accommodation. Air B&B''s are trending in today''s market.!!
+++ Extra Bonus....+-60% Furnitured, Appliances, linen, curtains etc...are all included in the selling price!!!
Sadly Covid happened and the owner decided to rent the houses and apartments out on a year to year basis, with 3 months notice, as all tenants are aware of the marketing process.
Turn back selfcatering....IF SO DESIRED your investment will offer even a much greater financial return.
The property offers in total 13 on-suite rooms when operated as a guest house with their own privacy, lounge, ding, kitchen etc. for each unit..B&B / self-catering. Offering beautiful views over Sandton, Bryanston and Johannesburg.
All units annual increase will take place before end 2022 by 7.5% increase. That total to new rental income of R93 500pm.
Operated on a permanent rental basis the units currently generates an income of R87 000pm.
Income of units as follows: NOTE each tenant pays own water and electricity usage.
Vista 1 R15 000pm - excl water and electricity
Vista 2 R14 500pm - excl water and electricity
Thatch Double story Villla R 17 500.00pm - excl water and electricity
Poolside Villa R 17 500pm - excl water and electricity
Garden Villa R17 500.00pm - excl water and electricity
Studio villa R5000pm - excl water and electricity
Current expenses which includes rates taxes, Gardner and general maintenance.. comes to +-R5000pm
The beautiful pictures does not do justice to this property...the property is a MUST view to appreciate what it has to offer!!
Contact me anytime for a viewing appointment.
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