Monthly Bond Repayment R21,275.27
Calculated over 20 years at 11.5% with no deposit.
Web Ref No TPR17664
5 Apartments in a Private Complex
These properties are located on a large stand, all are fully equipped and nestled in a garden with lots of trees and plants. All units are being occupied by tenants. The complex needs TLC, the rental income is estimated around R25000-00 a month excluding utility usage.
The property should be taken on as a project because of its location it could be lucrative, being located close to amenities such as Spar, petrol stations and the popular Lucien beach.
The one unit consist of 3 bedrooms, 2 bathrooms, open plan lounge, dining and kitchen area. There is also a covered patio area with a built in braai and his own little garden, making it pet friendly.
The other unit has 2 bedrooms, 2 bathrooms open plan lounge and kitchen area, also comes with a small patio area. Both units have their own parking bays alocated with lots of extra parking for visitors.