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Orkney, Orkney, Orkney, North West
R 1 299 000
Investment Opportunity with Excellent Income PotentialSpacious income-generating property situated on a 1104 sqm stand, ideally located close to the CBD, schools, public transport and SAPS.Currently zoned Residential 4, this property offers excellent potential for investors looking to expand their rental portfolio.The property consists of 14 bachelor flats, each fitted with its own prepaid electricity meter for convenient tenant management.Current rental income is approximately R24 420 per month, with financials available to serious buyers.Excellent investment opportunity with a current gross rental yield of approximately 22.6 per annum.The fully fenced and gated property still offers ample open yard space, creating exciting possibilities for additional flats, extra parking facilities, communal areas or even vegetable gardens.A practical investment with room for future growth and development.Price: R1 299 000For additional information or to arrange a viewing, contactJanette BekkerMBB Properties Show more Show less
Estimated monthly repayment
R 12 267
on a R 1 169 100 bond over 20 years at 11.25%
Estimate only — actual rates depend on your credit profile + bank approval. Consult a bond originator for a formal quote.
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Orkney, Orkney, Orkney, North West
Area view — the exact address is shared on enquiry.
