11 Bedroom Freehold For Sale in Parkhill Gardens

R3,695,000

Monthly Bond Repayment R40,042.98
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RL2177

Calling all bond free Investors. Those buyers that have money without the need of a full bond.

Calling all bond free *Investors*. Those buyers that have money without the need of a full bond. Otherwise, you are just a buyer than needs to wait 15 years before you slowly turn into an investor as your property starts maturing and you near the end of your bond cycle. This is for the investor! That person that can look at the current offering, weigh the existing income up against the future value of the completed project. Does that sound like you, then please keep reading.
This centrally located property right next to St. Catherin school in Germiston offer the investor an income of around R32000+ per month suitable derived from the 6x permanently tenanted rental units on the property. Rentals are currently being collected by Harcourts Rentals and have a long relationship with the current owner.
These 6 units comprises a single 3-bedroom unit, 3 x 2-bedrooms units and 2x 1-bedroom units that each already have prepaid electricity. The main municipal feeder is 3-phase and the property has a borehole on site.
Potential developers will also find large roofing areas to install solar to reduce their municipal spend even further.

Features

Bedrooms 11
Bathrooms 6
Flatlet 5
Recep. Rooms 12
Study 2
Floor Size 680m²
Garages 6
Land Size 2,332m²
Carports/Parkings 6
Pets Allowed Yes