NETTING R286 000 PA !!!!!
Property consists of 10 rooms and 10 bathrooms ranging in size and rentals.
Prepaid electricity has been installed.
Water consumption is part of the rental.
The property sits on a 495m² erf.
There is ample lock up parking for tenants vehicles.
The property is secured with a perimeter wall and electronic gates.
The property is ideally located, on route to public transport and close to all major arterial highways.
2 × Rooms paying R 2500
6 × Rooms paying R 2800
2 × Rooms paying R 3000
Total income R 27 800 p/m
Costs +/- R 3 900 p/m
Nett income +/- R 24 000 Pm
The tenants are all on a month to month lease.
A couple of tenants have been long standing tenants.
I have spoken to the tenants, all the tenants are very happy staying at the property and will be willing to sign leases with the new purchaser, if they are happy to keep the tenants on.
Auction Details:
Venue: Onsite
Address: 77 Putney Road, Brixton
Date: Tuesday 30 November 2021
Time: 12h30
