3 Bedroom House in Hillcrest Central

The property has 4 separate units to occupy. The main house has 3 bedrooms, 2 study areas, 3 bathrooms, a kitchen, a lounge and a dining area and is rented at R13,000pm. The garden cottage has 2 bedrooms, 1 bathroom, a lounge/dining area kitchen and single garage and is rented at R 6,000pm. The modern pool cottage has 1 bedroom, 1 study (or small bedroom), 1 bathroom and a kitchen and is rented at R 6,000pm. The loft cottage has 1 large bedroom and living area, 1 bathroom and a kitchen and is rented at R 5,000pm. The current leases are secured until 31.10.26. For3 units and remaining unit until 31.10.27. Each unit pays a monthly levy of R 870 each to cover communal services that include pool maintenance, garden maintenance and security. The total monthly rental income in R 30,000pm.

The property is pet friendly with level garden, a communal pool and a garden service. Convieniently situated within walking distance to Woolworths and Lillies Quarter and Oxford shopping Centre. The Hillcrest junior and senior primary schools are 1km away. There is a double garage as part of the loft cottage which is used as collective storage area for the 4 units. Parking for 10 cars and a possible 100% bond repayment of approximately R 28,000pm makes this a property with many opportunities. The current total monthly income including collected levies and electricity recovery is R38,870pm with total monthly expenses of R7056pm which excludes bond repayment. Opportunities exist not only for investment but also for the extended family and the partial use of a selected building for a work from home business. Each unit has its own fenced garden area and both cats and dogs are permitted. The use of prepaid electricity and water meters is an added bonus. Make your appointment now!