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R 57 000 000 (3 175 487 EUR*)

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212
106
± 11297 m2

BRAND NEW DEVELOPMENT FOR SALE

Zoned Residential 3. Existing Development
Price excludes Vat.
106 units (2 bedrooms & 1 Bathroom) + House (zoned for 80 school kids).
Current Rental income = R526,000,000 per month + potential R200,000pm . (if you own & run the school on the premises)

The complex is Brand New,
All units have prepaid electricity & water.
WIFI Fiber is available in all units. Security 24/7
Full boundary wall + electric fencing.

The finishes of the units are high end.
Cesar stone kitchen counter tops, Modern cupboards in kitchen and bedrooms (soft touch release), Modern tiles throughout, bath & shower in all units. Double glazed windows (temperature control & noise blockage).
Two parking bays for each unit. One covered one open

Included in the sale: There is a house on the property which is zoned for a school (housing 80 children), estimate (charge R2500 per child per month) This is an additional R200,000 per month income

TOTAL RENTAL POTENTIAL = R726,000 per month



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