10 Bedroom Townhouse in Mount Moreland

1701 sqm complesx5 units

This lovely secure complex built on a 1701 sqm plot consisting of 5 units is situated Mount Moreland ,which is only 2.6 km away from King Shaka International airport. Mount Moreland is a small country community located inland of Umhlanga, and is known for its Viktoria barn swallows World Heritage site ,where the swallows roost every year from November till April .Mount Moreland is zoned as section 18 and is allowed partly commercial activities such as B and B etc....

Each unit ranging in various sizes (approximately 60 to 95 sqm ) has a garden with a small Wendy house for storage.This 1 701m and sup2 property with 5 individual rental units offers an excellent investment within a rapidly growing

development area, which forms part of the King Shaka International Airport and Dube Trade Port precinct.

The key location of this property offers air traveller convenience for business, tourists and serves as an

ideal local employee residence.

The property is currently fully let with 5 individual tenants and offers the perfect opportunity for other

usage and future growths.

The property consists of two buildings and rental sections are equipped with prepaid water and electricity

meters. Due to its configuration, the property offers great potential for an Air B and B or a guest house.

Building one consists of 3 individual rental units:

Unit 1 and ndash 2 Bedroom, one TV room, Open plan lounge with Kitchen, 1 bathroom, blinds on all windows,

burglar guards on all windows and doors, Wendy House for storage, dedicated small garden area.

Unit 2 and ndash 2 Bedroom, big open plan lounge with Kitchen, 1 bathroom, blinds on all windows, burglar

guards on all windows and doors, Wendy House for storage, dedicated small garden area.

Unit 3 and ndash 2 Bedroom, one TV room, Open plan lounge with Kitchen, 1 bathroom, blinds on all windows,

burglar guards on all windows and doors, Wendy House for storage, dedicated small garden area.

Building two consist of 2 individual rental units:

Unit 4 and ndash 2 Bedroom, big open plan lounge with Kitchen, 1 bathroom, blinds on all windows, burglar

Guards on all windows and doors, Wendy House for storage, dedicated small garden area and backyard.

Unit 5 and ndash 1 Bedroom, 1 TV room, open plan lounge with Kitchen, 1 bathroom, blinds on all windows,

burglar guards on all windows and doors, Wendy House for storage, dedicated small garden area and

backyard.

There is prepaid electricity and water, plenty of parking for 12 cars

All units are currently fully let.

To an investor net annual yield is 11.5%

5 year Financial modeling can be provided

Rates are approximately R 1800

You love tranquility and country living this is the place !