This property has great potential for investment. This property is situated in Old Town near amenities such as schools and churches.
This property consist of 3 Two bedroom flats and each are fitted with an open plan kitchen, lounge and bathroom. The current income per unit amounts to R3500 per month.
There is an additional two bedroom flat with kitchen and small lounge with an income of R2500 per month.
The one bedroom flat with open plan lounge and kitchen currently has an income of R2800 per month.
The currental lease agreement includes electricity usage in the above amounts. Costs involved pertaining municipality rates, taxes and electricity amounts to an average of R5000 per month.
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