Zoned Residential 3. NO VAT or Transfer duty payable.
106 units (2 bedrooms & 1 Bathroom) + House (zoned for 80 school kids).
Potential Rental income = R490,000 per month + R120,000 per month.
The complex is Brand New, it has literally just started, and the occupancy rate is already 75% full (pre-vetted tenants). There is NO shortage of rental demand in the area.
Ground floor 48sqm + garden.
First & Second floor 53sqm (balcony included)
All units have prepaid electricity & water.
WIFI Fiber is available in all units.
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.
Ground floor (garden units), 1st floor and 2nd floor units.
Included in the sale: There is a house on the property which is zoned for a school (housing 80 children), estimate (charge R1500 per child per month) This is an additional R120,000 per month.
TOTAL RENTAL POTENTIAL = R610,000 per month
Central entertainment area for braais etc.
24/7 security controlled access gate.
Full boundary wall + electric fencing.
Excellent location, only 8km from Ebotse Golf & Country Estate.
Close to Benoni Country club, close to Rynfield, Northmead and Farrarmere.
Plenty schools and shopping centres not far away.
Superb value for money.