Live and earn, own your own little residential complex.
Upmarket Northcliff Johannesburg. Let your Investment work for you...,Earn while you stay in luxury!! OR earn while you live abroad....Reduced to Sell!!
Priced to sell!!!...3 modern houses, 2 modern Aparments, 1 cottage..live AND Invest.....existing income..!!
Urgent Sale!!
Excellent investment opportunity in sought after area Northcliff Johannesburg...most amazing views over Sandton, Bryonston and Johannesburg!! Priced to sell!!
Previously a successfully operated self catering accommodation. Air B&B's are trending in today's market.!!
+++ Extra Bonus....+-60% Furnitured, Appliances, linen, curtains etc...are all included ithe selling price!!!
Sadly Covid happened and the owner decided to rent the houses and apartments out on a year to year basis, with 3 months notice, as all tenants are aware of the marketing process.
Turn back self catering....IF SO DESIRED your investment will offer even a much greater financial return.
The property offers in total 13 on-suite rooms when operated as a guest house with their own privacy, lounge, ding, kitchen etc. for each unit..B&B / self-catering. Offering beautiful views over Sandton, Bryanston and Johannesburg.
Operated on a permanent rental basis the units currently generates an income of R74 591.00pm.
Income of units as follows: NOTE each tenant pays own water and electricity usage. Pre-Paid Water and Pre-Paid Electricity all units.
Villa 1 R15 741pm - excl water and electricity
Villa 2 R11 000pm - excl water and electricity
Thatch Double story Villla R 13 900.00pm - excl water and electricity
Poolside Villa R 16 500pm - excl water and electricity
Garden Villa R12 500.00pm - excl water and electricity
Studio villa (Cottage)R4950pm - excl water and electricity
Current expenses which includes rates taxes, Gardner and general maintenance.. comes to +-R8000pm
The beautiful pictures does not do justice to this property...the property is a MUST view to appreciate what it has to offer!!
Contact me anytime for a viewing appointment.
