18 Bedroom block of flats for Sale in Luipaardsvlei
Are you a property investor or a startup investor looking for an affordable investment opportunity with great income potential?
Look no further. Here is your cash cow. An investment opportunity not to be missed. Become a landlord in the city of Mogale. Here is a property with great rental income potential. A block of flats well located close to major roads, public transport, Westcol, Krugersdorp Hospital and other local amenities.
This building has 6 flats which can be rented out as family units or as student accommodation. Each of the 6 flats comprise of 3 bedrooms, lounge, kitchen and bathroom. Currently flats are partitioned inside and rented out as rooms.
The property is perfect for student accommodation due to its nearness to Westcol. Its less than 5 minutes’ walk to Westcol. If you are into student accommodation investment, this is a perfect property for you.
Fully let monthly rental income for families if R30000 and for students currently its R43 000 with a potential of getting more income depending on how you rent out the rooms.
All rooms have prepaid electricity and that gives the landlord peace of mind when it comes to electricity usage and collections.
Building is well maintained and managed. There is a caretaker who stays on the property.
This is an investment opportunity not to be missed. To schedule and exclusive viewing of this property call me.
Krugersdorp is an old and well-established region of Gauteng that has seen little in the way of heavy development since its establishment in 1887. This quiet mining town is divided into many areas that offer different kinds of properties to suit the pockets and the residential needs of families and young buyers.
Krugersdorp properties are set on large plots with the older more traditional houses offering the...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
