20 Bedroom Freehold For Sale in Heatherdale AH

R4,900,000

Monthly Bond Repayment R52,255.05
Calculated over 20 years at 11.5% with no deposit.

Web Ref No RL23962

This substantial 10,000 square meter investment property in Heatherdale

Property in Heatherdale offers a lucrative opportunity for savvy investors. The property comprises 12 well-appointed units, generating a significant monthly rental income of R60,000. With ample space to construct additional units, the potential for growth and increased returns is vast.

The property boasts municipal water and a borehole, ensuring a reliable water supply. Modern conveniences like gas stoves and geysers are installed in all units, enhancing the appeal to tenants. Two entrances provide easy access, and existing leases ensure a steady income stream. Surrounded by nearby developments, this property offers a promising investment prospect, poised to deliver a substantial pension income for years to come.

Features

Bedrooms 20
Security Yes
Bathrooms 12
Flatlet 8
Recep. Rooms 12
Dom. Accom. 2
Study 1
Floor Size 1,462m²
Garages 3
Land Size 10,000m²
Carports/Parkings 30
Pets Allowed Yes
Monthly Rates R1,800.00