Investment For Sale in Flamwood
R3,850,000
Web Ref No RNC620
Complex of 8 Townhouses for sale in Flamwood!
Diverse income stream, great addition to any investment portfolio, each unit uniquely built for various income levels and tenant demands.
Eight townhouse unit, comprising of the following :
• Three-bedroom townhouse unit with a double garage
• Two-bedroom townhouse unit with a small splash pool & carport
• 5 x Two-bedroom townhouse units, with carports
• 1 x One bedroom townhouse unit with a carport
All eight units have municipal prepaid electricity that allow them to control their own electricity demands.
Private water meters were installed to provide fair and accurate usage – tenants are billed for their own usage by owner.
The property current income as follows:
• Three-bedroom unit @ R 7250 p.m (private rental-due to move)
• Two-bedroom unit @ R 5500 p.m (agent commission included)
• 3 x Two-bedroom unit @ R4600 p.m each (private rental due to renew lease)
• 1 x Two-bedroom unit @ R4800 p.m (private rental)
• 1 x Two-bedroom unit @ R4750 p.m (private rental)
• One bedroom unit @ R3450 p.m (agent commission incl)
With the current rental market in high demand the opportunity with diverse income streams will be a great investment for any investor.
The property projected income would see a potential increase between 5 and 10%, increase in the rent for 2024 (but does not reflect the higher current rent for Flamwood or Wilkoppies area).
Don’t delay! (All potential buyers will require do undergo pre-approval and delivering of proof of funds)
Diverse income stream, great addition to any investment portfolio, each unit uniquely built for various income levels and tenant demands.
Eight townhouse unit, comprising of the following :
• Three-bedroom townhouse unit with a double garage
• Two-bedroom townhouse unit with a small splash pool & carport
• 5 x Two-bedroom townhouse units, with carports
• 1 x One bedroom townhouse unit with a carport
All eight units have municipal prepaid electricity that allow them to control their own electricity demands.
Private water meters were installed to provide fair and accurate usage – tenants are billed for their own usage by owner.
The property current income as follows:
• Three-bedroom unit @ R 7250 p.m (private rental-due to move)
• Two-bedroom unit @ R 5500 p.m (agent commission included)
• 3 x Two-bedroom unit @ R4600 p.m each (private rental due to renew lease)
• 1 x Two-bedroom unit @ R4800 p.m (private rental)
• 1 x Two-bedroom unit @ R4750 p.m (private rental)
• One bedroom unit @ R3450 p.m (agent commission incl)
With the current rental market in high demand the opportunity with diverse income streams will be a great investment for any investor.
The property projected income would see a potential increase between 5 and 10%, increase in the rent for 2024 (but does not reflect the higher current rent for Flamwood or Wilkoppies area).
Don’t delay! (All potential buyers will require do undergo pre-approval and delivering of proof of funds)
Features
Zoning Commercial
Monthly Rates R3,083.00pm Excl. VAT
Land Size 1,515m²
Monthly Rates R3,083.00pm Excl. VAT
Land Size 1,515m²
Broker Contact Details
Pierre Ludick
Principal Property Practitioner
Registered with PPRA
(FFC 202 322 257 4)
Cell 076 261 1799
Office (076) 2611799
WhatsApp Me
Principal Property Practitioner
Registered with PPRA
(FFC 202 322 257 4)
Cell 076 261 1799
Office (076) 2611799
WhatsApp Me
Message the Agent
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