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4 Bed 2 Bath And 4 Cottages R28500pm For Sale

johannesburg, Gauteng, South Africa
Asking Price:
R1,480,000
Turnover:
R342,000
Net Profit:
R290,000

Pay ONLY R974 pm. 100 % bank bond. No deposit. Bank repayment R13,974 pm less cottage rental income of R13,000 pm = R974 pm.

990 m² Double Stand - 4-Bedroom 2 Bathroom + 3 Cottages + 1 Additional Room

2 separate title deeds. 2 adjacent stands for the price of one.

4-Bedroom 2 Bathroom Home + 3 Cottages + additional Room

Cottage rental INCOME Potential: R13,000 per month. Live in the 4 bedroom house for R974 pm. Or also rent out the house for R15,000 for extra income. Which is R28,500 pm total rental income for property investors.

The property includes THREE cottages and one additional room, offering RENTAL income or extended family accommodation.

4-bedroom main house with 2 bathrooms + 2 showers

Beautiful, modern, large kitchen

Double garage with workshop

Durable Harvey tile roof

3 COTTAGES plus one add room - Rental income R13,000 pm

Separate entrances for tenants and the main house

Remote-controlled car entrance gate

Secure on-site parking for each tenant

Water & Electricity prepaid-meters for all cottages & house

Vegetable Garden and pizza oven

Numerous established fruit trees

Very private and quiet setting There are 10 girls & boys primary

and high schools within 1 to 3 km from this home eg Jeppe,

Queens & Hillcrest

BARGAIN! Bargain! Bargain!

PRICE Reduced drastically

Property Information

Real Estate:

Real Property Included

Location:

Johannesburg Malvern/Kensington

Premises Details:

4 bedroom 2 bathroom + 4 cottages on two separate title deeds (2 properties for the price of one)

Size in square feet:
990 sq m

Business Operation

Expansion Potential:

build more cottages

Reasons for selling:

deceased estate

Other Information

Financing available:

yes 100% bank finance

Listed by

Simpson Properties