Great investment. Excellent Student accommodation acquisition. The property is leased with 4 tenants that pays R9600-00 rental. Pre-paid electricity. The Newtown is in a great condition, with new lifts and good security.
The apartment has four separated bedrooms, two with wardrobe cupboards, two without. There is a central kitchen with cabinets, stove and fridge. There is a separate bathroom and shower room.
The structure and condition are in a good state, although minor maintenance is needed. Levy is R3106-00 p.m.
As an investment, the following calculations might surprise you:
19% R.O.I Nett with a R9600-00 rental on a R385 000-00 Cash purchase price.
Make an offer as soon as possible as this one will sell quick.
