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20 Bedroom House For Sale in Reitz

R6,500,000


Monthly Bond Repayment R70,440.96
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RNR14466

Investors!

Property Composition:

8 Townhouses
4 One-Bedroom Units
4 Two-Bedroom Units
First House:
Situated opposite the main gate.
Spacious 3-bedroom house.
Includes 1 one-bedroom flatlet.
Features 4 garages.
Second House:
4-bedroom house.
Rental Income:

Steady Combined Rental Income: The properties generate a steady combined rental income of R45,000 per month.
Low Expenses:

Low Operational Expenses: The expenses associated with the properties are low, contributing to a favorable return on investment.
Minimal Rates and Taxes: The rates and taxes are at a minimum, optimizing the financial performance of the investment.
Location Advantage:

Strategic Location: The properties are strategically located close to the new college under construction, enhancing their appeal for student accommodation.
Ideal Investment: Given the proximity to the college, the properties are well-positioned for investment or as part of a retirement plan.
Ideal Usage:

Student Accommodation: Ideal for investors seeking to capitalize on the demand for student accommodation, especially with the new college nearby.
Retirement Plan: The properties offer a sound investment for those considering a retirement plan with steady rental income.
Additional Information:

The diverse property types, including townhouses and various unit configurations, cater to a range of accommodation needs.
The presence of a steady combined rental income, low operational expenses, and a strategic location contribute to the investment's attractiveness.
In summary, this consortium of properties is a compelling investment opportunity for those looking to enter the student accommodation market. With a diverse range of properties, steady rental income, and a strategic location, these properties offer a promising venture for investors or as part of a retirement plan. Contact us to explore the potential of this well-positioned investment portfolio.

Features

Bedrooms 20
Security Yes
Bathrooms 14.5
Flatlet 1
Recep. Rooms 22
Garages 18
Carports/Parkings 12
Pets Allowed Yes

Agent Contact Details

Carin Oostenbrink
Candidate Property Practitioner
Registered with PPRA
(FFC 202 401 071 764 639)

Cell 064 901 2135
Office (072) 2966798
WhatsApp Me
Johrne van Huyssteen
RealNet Bethlehem & Clarens

Cell 083 556 0663
Office (072) 2966798
WhatsApp Me

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