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Glen Austin Ah, Glen Austin Ah, Midrand, Gauteng
R 4 100 000
An exceptional investor opportunity in sought-after Glen Austin, Midrand. This income-producing property offers multiple tenanted cottages on a generous 8566 m2 stand, with excellent existing cashflow and substantial space for further development. Income Overview: ±R60,000/month rental income from cottages ±R30,000/month other income Property Features: 10 existing cottages fully tenanted 5 x 2-bedroom units 3 x 1-bedroom units 2 bachelor units Cottages feature tiled floors, modern finishes, full bathrooms (one with shower only), laminated flooring in double-storey units, and some with fireplaces Each unit has pre-paid electricity Two additional incomplete cottages built to roof height, ready for finishing to increase income Other Amenities: Spring water borehole with solar-powered pump supplying water to all units Kennels rented to a...
Estimated monthly repayment
R 38 718
on a R 3 690 000 bond over 20 years at 11.25%
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Glen Austin Ah, Glen Austin Ah, Midrand, Gauteng
Area view — the exact address is shared on enquiry.