R1,550,000
R1,550,000
4 Bedroom House For Sale in New Germany
4
Bedrooms
6
Bathrooms
2
Parkings
Ref. RLS927542
Land 1267.00m²
Monthly Repayment
R16,529.65
Thembani Ngcobo
Monthly Rates R3,200
Total R3,200

Real investment opportunity with immediate returns

Web Ref. RLS927542
Opportunities like this one are rare to find. This house used to be a B&B and offers a total of 7 bedrooms and 6 bathrooms. In need of some TLC, value for money.

Option to stay in main house while 85% (R13 600) of your bond is paid for by the rent income from flatlets or rent it all out and have a monthly surplus.

Main House
3 bedrooms (1 Ensuite and a family bathroom), Lounge / Dining, and a beautiful kitchen. Two carports allocated to the main house.

Flatlet 1 (attached to the main house)
A bachelor pad, with a separate bathroom. This is currently rented out for R3000.

Flatlet 2 (attached to the main house)
1 Bedroom, Lounge, kitchenette, with separate bathroom. Currently rented out for R3600.

Flatlet 3
Wooden cabin with 1 bedroom, lounge, kitchenette and en suite bathroom, currently rented out for R3500

Flatlet 4
Wooden cabin with 1 bedroom, Lounge, Kitchenette and en suite bathroom, currently rented out for R3500

Each of the flatlets has a prepaid meter and separate geyser. Enough parking for everone plus more for visitors.

The owner is sad to let this income generator (R21 600,00) go, but the good news is, IT COULD BE YOUR CHANCE TO SMILE ALL THE WAY TO THE BANK!!!!

Call me and let's talk numbers and offers.

Features

Interior
4 Bedrooms
6 Bathrooms
5 Kitchens
Exterior
2 Carports
4 Flatlets
Security
Sizes
Land Size 1,267 m²

New Germany, Pinetown

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Finance

Total Amount Repayable
R0,00
Monthly Repayment
R0,00
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