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R 1 600 000 (95 522 EUR*)

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5
3
2

Show Dates

Sun, Aug 14
2:30pm - 4:30pm
Rich Road


Property Features
Access Gate
Built In Cupboards
Dining Room
Entrance Hall
Fence
Guest Toilet
Kitchen
Laundry
Lounge
Main Ensuite
TV

Stunning Home for Sale in Moseley Park

INVESTOR? TIME TO ADD TO YOUR PORTFOLIO – MAKE YOUR MONEY WORK FOR YOU WITH A “ZERO” INVESTMENT!

3 BED HOUSE, 2 BED FLAT & BACHELOR FLAT (ALL TENANTED!
Priced to Sell, Excellent investment!

“Property rental income pays for the bond with left-over”

If you are an investor, this property is what is called “making your money work for you”! Yet, it’s other people’s money! Apart from the cost of the purchase, you do not have to invest your personal money.

How? See below.
Note: all units on the property are tenanted.

And if you are buying to live in, you are relieved of the partial burden of the bond repayment.

Located in the Moseley area, on a quiet road, this property comprises 3 units: the Main House of 3 beds, the Back Unit of 2 beds, and a Bachelor flat. The property has a communal pool. There is a large Gemini hut for storage.

THE MAIN HOUSE – This is 3 beds, 2 modern bathrooms, main ensuite. There are 2 possible spaces for a lounge (or a double lounge), or as a reception area, and additional space for a dining room, or kid’s playroom.
There is a fitted kitchen with melamine cabinets. The kitchen opens to a large, and enclosed courtyard which can be used as a laundry area.

There is parking for a minimum of 2 or 3 cars.
The light and water are prepaid.
What you get are the following: 3 Beds, 2 Baths, 2 Lounges, 1 Dining, a Courtyard, Fitted Kitchen.

THE FLAT – This unit is fenced off from the main house with its own entrance.
It is fully tiled and comes with aluminum windows.
It is a 2 Bed, and a full bathroom (bathtub and shower).
The kitchen is fitted, and with a gas stove, and comes with a granite top.

The lounge is spacious, with a dining space. This opens to the outside with access to the swimming pool.

BACHELOR FLAT – This is a bachelor flat, an open room. It comes with a kitchenette, bathroom, and toilet.

POTENTIAL OF THE PROPERTY – There is potential for further development, to add more units at the back, where there is a piece of land.

INCOME

3 Bed, 2 bath: Let at R8500 PM
2 Bath, 1 bath: Let at R6000 PM

Bachelor: Let at R2500 PM

Total current rental (Main house + 2 bed flat = R14500).
Can be more if the bachelor flat is added to the rental portfolio. Making a total rental income of R17,000.

TOTAL: R17,000

Bond repayment: R14, 396

Call today and let's discuss this investment.

  • 5 Bedrooms, 3 Bathroom, Lounge, Dinning, fitted kitchen, swimming pool plus fatlet.


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