R5,100,000
Monthly Bond Repayment R51,776.67
Calculated over 20 years at 10.75% with no deposit.
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10 Cottages and kennels on 8566 m² stand in Glen Austin
DESCRIPTION 34 ALLAN ROAD
10 spacious cottages and kennels on 8566 m² stand in Glen Austin. Investors’ dream!!
This tree rich, prime property in Glen Austin offers 10 tenanted cottages:
5 x 2-bedroom, 3 x 1-bedroom and 2 bachelors cottages. The cottages have full bathrooms, except one with a shower only. They are all tiled, renovated with lovely, modern finishes. The bedrooms in 5 double storey cottages have laminated flooring. Two of the cottages have fire-places. The cottages are fenced off and on pre-paid electricity meters.
There are two more incomplete cottages, built roof-height which can be completed for even more income. The income on the property should cover the full bond-repayment.
The property boasts a spring water borehole with solar powered pump, providing water to the cottages and other amenities.
There are kennels, rented out to a security company with 24/7caretakers for both the dogs grooming and the upkeep of the property. There is also a doggie parlour, should you wish to continue with the small business. At the gate is a small gate-house. There are also staff quarters and store rooms.
The property is situated safely away from the main road on a panhandle.
The area offers many different security companies, regularly patrolling. The property is fully walled, with two entrance gates.
This is an investment opportunity not to be missed!!
