12 Bedroom House in Primrose, Germiston Pending Sale for R #1964457

Income Generating Property -12 Sep Apartments

Ref # 1964457 : Primrose , Germiston , Gauteng

Under Offer

P.O.A.

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Property Details

GENERATING R420,000 P/A

MUST SELL!!!

PROPERTY DETAILS:

The property consists of 11 separate apartments ranging in size.

2 × 24m² Apartment:

Currently being rented @ R 2,500

6× 30m² Apartment:

Currently being rented @ R 3,000

3 × 40m² Apartment:

Currently being rented @ R4,000

Currently 10 Apartments are occupied bringing in a rental income of R32,000.

1× 30m² Apartment is not occupied which brings in R3,000.

All the apartments are equipped with en-suite bathrooms and kitchens.

All the apartments have separate prepaid electricity meters.

Water consumption is divided by the tenants.

There are 5 geysers installed throughout the property.

The property is situated in the heart of Primrose, close to all amenities and en-route to public transport.

The property offers ample parking for all the tenants and is very secure with a high perimeter wall and electric gates.

All the tenants are happy staying at the property and would be prepared to sign new leases with the new purchasers.

ESTATE LATE - MASTER REFERENCE: 011577/2020


Property Features

  • Property Type House
  • Beds 12
  • Bath 12
  • Building Size
  • Stand Size 991m²

Associated Costs

  • Rates & Taxes ± 789

Location


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