Brokerage | Multi-let Opportunity

8a Dublin Rd, Westdene

8a Dublin Rd, Westdene

•496 SQM offering 3-bedroom main dwelling and a 2 bed 1 bath outside cottage.
•Property is distressed and work is required mostly in the cottage, a formal quote of R403 134 was received by a contractor to have renovations done.
•Property currently has no tenants, however, has caretakers in the main house and cottage occupying the property.
•Excellent location being a road away from the main road this property offers easy access to major amenities and major transport routes.
•It is so close to UJ Kingsway Campus, Campus Square, and Melville BLVD

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Multi-let Opportunity

Asking Price R 980 000
Negotiated Price R 850 000
Capital Costs R 1 390 088

3 Bedrooms 1 bath rented at R 15 000
•2 bedrooms 1 bath cottage at R 7 250
•Rental Income R 22 250
•Bond Repayment R 6 590 (@prime 7%)
•Operating cost R7 245
(Water, rates, management fee, maintenance
fee insurance & miscellaneous)
•Monthly Expenses R 13 835
•Net Cash Flow R 8 416
•Annual Cash Flow R 100 986