5 Bedroom House in Rietfontein

EXCLUSIVE MANDATE

Prime located investment property in Rietfontein with rental income from 5 rental units.

This property has rental contracts in place, therefore ideally utilised as an investment property rather than for personal living.

The main house has been converted into 4 of the 5 units. The 5th unit is a separate outbuilding from the other 4 units.

This large erf is situated high up in Rietfontein and is currently being utilised as 5 units rented out residentially.

The unit descriptions and potential rental income are set out as follow:

Unit 1 - R 6,900 month

- This unit features a small kitchen and open plan living room

- Bathroom with bath, shower and basin

- Top floor spacious bedroom with built-in cupboards

Unit 2 - R 5000month

- Open plan living area and kitchen nook

- Small nook with built-in cupboards that can be used for dining space or a bedroom

- Separate bedroom

- Bathroom with bath, toilet and basin

Unit 3: R 4,500month

- Bachelor''s flat with kitchen nook and bathroom with shower, toilet and basin

Unit 4: R 4429month

- Bachelor''s flat setup with built-in cupboards, kitchen nook and bathroom with toilet, basin and shower

Unit 5: Separate Detached unit R 5562month

- Kitchen

- Living area

- Bathroom with shower, basin and toilet

- Separate bedroom

- Study or small room

Total rental income of about R 24,000 month.

Each unit has a braai area next to the unit and there is covered carport parking for each unit.

At the back of the property is a shared lapa with built-in braai and swimming pool.

Contact us for more information and to arrange a viewing.