Brokerage | Multi-let Opportunity

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Johannesburg West

  • This 495 squares property consist of 10 bedrooms and 9 bathrooms which can accommodate 18 tenants
  • The Property is sold furnished and comes equipped with a laundry room for tenants.
  • This property has a 3 bedroom outside cottage
  • The property is undergoing zoning for construction of multi story building with 48 UJ compliant rooms which would potentially generate R 160 000 p.m
  • Property has a fast-food shed being rented out and an outside wendy
  • Property is close to all major amenities and routes
  • Proximity to University of Johannesburg – Kingsway Campus – Gate 2, Campus Square and Collins Saint – MediCross
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Multi-let Opportunity

Asking Price R 1 500 000

Capital costs include Incl. transfer, bond, and sourcing fee

  • Rental Income R 41 000
  • Bond Repayment R 11 629 (@prime 7%)
  • Operating cost R 8 099
  • (Water, rates, management fee, maintenance fee insurance & miscellaneous)
  • Monthly Expenses R 19 728
  • Net Cash Flow R 21 272
  • Annual Cash Flow R 255 624