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A multifunctional property with an income line that will cover almost a full bond repayment.
With 3, two-bedroom flats, and a 4th in the final stage of completion, your rental income will
cover almost a full Bond repayment.
Your potential rental income on 4 units, will be approximately R 22 000.00. ABSA see rental income from tenants, as an income for the buyer, subject to the criteria that the tenants are renting more than a year, which is the current scenario.
We have a very efficient rental office as well and will assist with recruiting new tenants if required.
The current tenants of the three units, are renting month to month. The 4th unit is currently been renovated by the owner.
Each unit has its own kitchen, bathroom, 2 bedrooms and living area.
The 2.1-hectare plot is ideal for small scale farming such as vegetables and sheep.
With a dam and irrigation system, the door is open to provide vegetables, fruit and meat for your family and make a profitable living out of it.
External features are a Lapa, entertainment/Shed/store facility, staff quarters, dam, and store.
With approximately 324 sqm under roof, 4, two-bedroom flats, this property provides you also with the benefit to provide for 4 families.
Please note, all animals and cages will be removed. Currently it clutters the property but will be removed before transfer to the new owner.
