17 Bed House in Rietfontein
R 2 999 000
Floor Area 1 m²
Land Area 1200 m²
Rates R 2500
Let your Inner Investor out!!!
Imagine a well-balanced-scale.
On the left side you have a risk-free fixed investment with an eight percent cap rate..
On the right side you have a double-digit cap rate investment with growth potential.
Which one of these would you choose?
This Property in Rietfontein, Pretoria offers you exactly this double-digit opportunityWith a vacancy rate of less than 1 percent over the last few years you can be assured of a handsome annual return on your investment.It has 17 rooms each with prepaid electricity, 2 en-suite bathrooms, 6 bathrooms and 2 fitted communal kitchens. Communal areas have Tshwane electricity.Solar geysers (2x 300 lt) provides ample warm water at a fraction of the normal cost.Ample open parking is available.
Mortgage financing from major banks may probably available at a 60 percent loan to value ratio, so why use your own equity when you can leverage someone else's money?
Key Property Features
17
Bedrooms
8
Bathrooms
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Experience Moot
Pretoria Moot is North of central Pretoria. It is bordered by Meintjieskop to the south, Skurweberg or Vlakkopies to the north. The Pretoria Moot area has a strong sense of community with generations returning to live in the unique ‘urban village’ setting. The current Home Owners and Residents Association strives to maintain the restful atmosphere and currently employs a private security company, on behalf of the residents, to aid with crime prevention. This is proving to be effective and is supported by the South African Police. This unique atmosphere and the semi – rural setting of the suburb contribute strongly to its ongoing popularity and good capital growth. A further unique factor is the Academic Hospital which is located 3kms beyond the area. A number of specialising doctors leave and arrive annually and seek to buy property close to the hospital for the period of their specialisation.
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