A Sound Income Generator!
Brilliantly located nearby the CBD, Willowton Industrial area and a variety of other work places for workers who require safe and good conditioned accommodation.
As an investor, the return on investment is approximately 11% pa and that''s not even factoring in year on year capital growth! R30 500 rent per month.
The property is seriously neat and in good condition. It attracts great caliber tenants.
The main house comprises of 4 large, fitted bedrooms with two bathrooms, an open plan lounge, dining room, super modern kitchen and scullery! There are 7 self-contained attached bachelor flats fitted with prepaid meters.
An additionally very valuable feature of this property is that it is zoned for mixed use which broadens the owner''s potential to generate income on the property through a variety of business operations.
Well worth adding to your portfolio!
I eagerly look forward to assisting you with acquiring this income generator!
Henwood and Katz Real Estate (Pty) Ltd t/a RE/MAX Midlands. A franchise of RE/MAX of Southern Africa.
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