Prime Location: The property is strategically located just off Maqanda street and close to the main road, providing easy access and visibility.
Communal Facilities: In addition to the 10 bedrooms, the property features 4 communal toilets, a basin, and washing lines, ensuring that the basic needs and amenities of the tenants are well catered for. These shared facilities enhance the convenience and practicality of the property for residents.
Rental Income Potential: With 10 bedrooms, including one with 2 rooms, and individual pre-paid electricity meters for each room, the property offers a strong potential for generating rental income. Tenants will be responsible for their electricity consumption, and there's a pre-paid water meter for the communal toilets.
Security Features: The property boasts robust security measures, including various security gates, enhancing safety for tenants and the property itself.
Convenience: Situated in close proximity to medical facilities, shopping centers, and major transportation routes, the property is an attractive option for tenants looking for a convenient and accessible place to stay.
Income Projection: The property has the potential to generate a monthly income of approximately R10,000. With monthly rates estimated at R585, the return on investment is significantly higher compared to traditional bank savings.
Appreciating Value: Over time, the property's value is likely to increase, providing the potential for capital appreciation along with growing monthly rental income. This investment is not only lucrative in the short term but also offers long-term benefits.
70% of the rooms are already occupied and is generating a good income
