Excellent investment opportunity, Ideal for rental to college students with the college being within walking distance. Total monthly income of R71 100. Some units have a R150 electricity supplement monthly & R100 water contribution. The property is situated on 4 stands and includes 31 rooms made up of 19 single rooms, 6 double rooms and 6 small flats. There are enough bathrooms and kitchens to accommodate all tenants. There is a R1 000 000 solar powered inverter battery system at the premises for 20 of the rooms and flats. All rooms have prepaid meters and camera security system. There is also a tag, card and fingerprint system for tenant entry. 3 x 300-liter solar powered geysers. 2 x coin operated washing machines. Parking for approximately 18 vehicles with 2 entrances which includes a heavy-duty electric gate. Make an appointment to view these premises at your earliest convenience!!
The city of Springs lies on the outskirts and to the east of Johannesburg, considered by many as a 'suburb' of the city of gold - 50 kilometres is nothing when driving across Jo'burg - where it lies nestled in amongst the compatriot areas of Benoni, Boksburg and Brakpan, known collectively as the East Rand.
Much of Springs' allure lies in its history - steeped in gold - and the fact that a number of famous South...
More Info
Sign-up and receive Property Email Alerts of Houses for sale in Springs Central, Springs.
Disclaimer: While every effort will be made to ensure that the information contained within the Fine Home Property Group website is accurate and up to date, Fine Home 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.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
