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11 Bedroom Freehold For Sale in Potchefstroom Central
R3,450,000
Monthly Bond Repayment R37,387.89
Calculated over 20 years at 11.75% with no deposit.
Web Ref No RL1715
Welcome to your future investment!
This spacious property has everything an investor could ask for; producing strong returns and yields, with very little to almost no risk. Current tenant contracts are in place for 2023, with applicable lease agreements and a month-to-month notice period.
The expenses are currently R60 000 p/a. Conservatively, the rental income produced by the property amounts to R379 200 p/a, with the potential for even more.
Let's take a tour of the property and the locational attributes:
• The property is located in a peaceful cul-de-sac in the heart of Potchefstroom Central, 1.5KM from the North-West University and within 2KM of all relevant and important amenities.
• The stand size is 1581 sq. and the total building area is approximately 575 sq. The property features a main building of 444 sq. that is divided in two sections; each producing R6000 & R8000 p/m, respectively. There is a loft with its own entrance that is adjoined to the main house which can be rented out separately for even higher income!
• There are 5 additional units on the property, which comprise of 3x Bachelor Units generating R3000, R3600, and R3800 p/m. There are 2x One Bedroom Units generating R3500 & R3700 p/m, respectively.
Furthermore, there is a communal pool that is shared by all the tenants on the property, and there is also an automatic irrigation system to keep your lawn healthy and green!
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• The First Section of the Main House consists of:
3 Bedrooms & 2 Bathrooms | Expansive Living Area | Kitchen with Large Pantry & Scullery | Workshop | Storeroom | Single Garage with Manual Doors | Carport with 1x car and 1x trailer parking | Alarm System | Loft with option to rent out separately
• The Second Section of the Main House Consists of:
3 Bedrooms | 2 Bathrooms | Large Living Area | Kitchen | Bank Safe | 2x Storeroom/Linen Closets | Single Garage with Manual Doors | Carport with 1x car and 1x trailer parking | Alarm System
• Bachelor Unit Key Features:
Kitchenette | Bathroom | Pre-Paid Meter | Parking
• One Bedroom Unit Key Features:
Kitchenette | Bathroom | Living Area | Pre-Paid Meter | Parking
• Monthly Expense Breakdown
Armed Response= R500 | WIFI= R500 | Garden Service= R600 | Pool= R300 | Rates & Taxes= R1200 | Water/Electricity= R1400 | General Maintenance= R500
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Contact us to book your viewing before it is too late!
The expenses are currently R60 000 p/a. Conservatively, the rental income produced by the property amounts to R379 200 p/a, with the potential for even more.
Let's take a tour of the property and the locational attributes:
• The property is located in a peaceful cul-de-sac in the heart of Potchefstroom Central, 1.5KM from the North-West University and within 2KM of all relevant and important amenities.
• The stand size is 1581 sq. and the total building area is approximately 575 sq. The property features a main building of 444 sq. that is divided in two sections; each producing R6000 & R8000 p/m, respectively. There is a loft with its own entrance that is adjoined to the main house which can be rented out separately for even higher income!
• There are 5 additional units on the property, which comprise of 3x Bachelor Units generating R3000, R3600, and R3800 p/m. There are 2x One Bedroom Units generating R3500 & R3700 p/m, respectively.
Furthermore, there is a communal pool that is shared by all the tenants on the property, and there is also an automatic irrigation system to keep your lawn healthy and green!
_________________________________
• The First Section of the Main House consists of:
3 Bedrooms & 2 Bathrooms | Expansive Living Area | Kitchen with Large Pantry & Scullery | Workshop | Storeroom | Single Garage with Manual Doors | Carport with 1x car and 1x trailer parking | Alarm System | Loft with option to rent out separately
• The Second Section of the Main House Consists of:
3 Bedrooms | 2 Bathrooms | Large Living Area | Kitchen | Bank Safe | 2x Storeroom/Linen Closets | Single Garage with Manual Doors | Carport with 1x car and 1x trailer parking | Alarm System
• Bachelor Unit Key Features:
Kitchenette | Bathroom | Pre-Paid Meter | Parking
• One Bedroom Unit Key Features:
Kitchenette | Bathroom | Living Area | Pre-Paid Meter | Parking
• Monthly Expense Breakdown
Armed Response= R500 | WIFI= R500 | Garden Service= R600 | Pool= R300 | Rates & Taxes= R1200 | Water/Electricity= R1400 | General Maintenance= R500
_________________________________
Contact us to book your viewing before it is too late!
Features
Bedrooms 11
Security Yes
Bathrooms 9
Flatlet 5
Recep. Rooms 6
Floor Size 575m²
Garages 2
Land Size 1,581m²
Carports/Parkings 8
Pool Yes
Pets Allowed Yes
Monthly Rates R1,200.00
Security Yes
Bathrooms 9
Flatlet 5
Recep. Rooms 6
Floor Size 575m²
Garages 2
Land Size 1,581m²
Carports/Parkings 8
Pool Yes
Pets Allowed Yes
Monthly Rates R1,200.00
Agent Contact Details
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