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INVESTMENT PROPERTY – EXCELLENT RENTAL INCOME
INVESTMENT PROPERTY – EXCELLENT RENTAL INCOME
An exceptional investment opportunity comprising multiple cottages and a two-bedroom house, providing an attractive combined rental income and excellent potential for an investor looking to expand their property portfolio.
All units have prepaid water & prepaid electricity.
COTTAGE A
Rental Income: R3,800 per month
Cottage A (Bachelor unit)offers a comfortable living space, kitchnette and shower and is currently generating a rental income of R3,800 per month.
COTTAGE B
Rental Income: R4,300 per month
Cottage B(1 bedroom)offers 1 bedroom, shower and a kitchen/living area and generates R4,300 per month.
COTTAGE C – GROUND FLOOR
Rental Income: R5,100 per month
Cottage C is a ground-floor unit. This unit offers a decent size open plan kitchen/living area and shower and has a gas stove and generates a rental income of R5,100 per month.
COTTAGE D – UPSTAIRS
Cottage D is a first floor unit which offers a decent sized open plan kitchen/living area and shower and has a gas stove and generates a rental Income of R5,000 per month.
COTTAGE E (2 bedroom house with a small splash pool)
Rental Income: R9,300 per month
This unit offers 2 bedrooms, a bathroom with a seperate toilet, decent sized lounge & dining room. The kitchen is spacious with ample BIC and has a seperate scullery. There is also a lapa and a small splash pool.
- There are 6 carports
- 1 Garage
- 2nd Gargae part of was used to convert Cottage A, so basically can be used for storage.
- There is also and additional storage room next to Cottage D
INVESTMENT POTENTIAL
This property offers an excellent opportunity to acquire a multi-income-generating property with several independent rental units already producing an established monthly income.
CURRENT MONTHLY RENTAL INCOME
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Cottage A – R3,800
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Cottage B – R4,300
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Cottage C – R5,100
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Cottage D – R5,000
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Cottage E – R9,300
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TOTAL RENTAL INCOME: R27,500 PER MONTH
TOTAL ANNUAL RENTAL INCOME: R330,000 PER YEAR
A fantastic opportunity for an investor seeking multiple rental incomes from one property with strong income-producing potential.
Features
Rooms
Amenities
Amenities
Property Location
Finance
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Disclaimer
While every effort will be made to ensure that the information contained within the Mandated Property Group website is accurate and up to date, Mandated Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.