Large 8030sqm property with 20 townhouses, each measuring 97sqm. Ten are Full-title and 10 sectional -title townhouses. Each townhouse is spacious and consists of the following: 2 Bedrooms, 1 Bathroom, 1 kitchen with built-in cupboards, 1 open plan lounge and dining area and 1 lock-up garage. Each unit has a private garden and patio. The townhouses are joined wall to wall. Each unit has it's own water and electricity meter. The sectional title units pay about R252 p/m rates and taxes. The seller wishes to sell the whole property with all townhouses. Price is negotiable...The complex is enclosed by palisade fencing, recently repainted, and the owner is currently repainting all the roofs. Very neat property and each unit has a tenant on a month-to-month basis. Each unit’s rental income is R3500 p/m with a 10% escalation each year.This property offers true value as you can start earning rental income immediately from 20 units. Great investment opportunity!!
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