A Deal Not To Be Missed - R12 000 monthly rental income
Sole and Exclusive to Harcourts Zululand Real Estate
Wonderfully located within Mtubatuba, this investment property is a great opportunity to take advantage of. The stand consists of 3 separate one-bedroom bachelor flats, with all three consisting of a bedroom, bathroom, open-plan lounge and a beautiful wooden deck overlooking the garden. Each flat currently generates a return of R4 000 per month, at a combined monthly rental income of R12 000 and no doubt makes this deal a brilliant buy to snap up.
Over and above that all, the property offers space for further buildings to be built and potential to increase revenue even more. In need of a little tidy and TLC, this unique stand provides investors with a fantastic opportunity, at an incredible price.
Conctact us today for a viewing!
These individual properties form part of the seller's broader property portfolio, near the Pick 'n Pay and Mtuba Mall - the properties are available to purchase both separately or together as a whole. The portfolio for sale includes:
- The property described in the listing above. Number 4 in the diagram, measuring 1126sqm property and with 3 x one-bedroom flats - Priced at R990,000.
- 5 x Vacant stands along the main arterial road, opposite the Mtuba Mall - Priced between R650,000 - R690,000
- Three connected properties at over 6000sqm, properties 1, 2 and 3 in the diagram - Priced at R3,950,000.
Should you require any further information, feel free to get in touch with us.
Features
3
3
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
3
Kitchens
1
Exterior
Carports / Parkings
2
Sizes
Land Size
1,126m²
Extras
TV Port • Patio • Views: Bush • Views: Private • Locality: Close To Schools • Locality: Close To Shops • Locality: Close To Transport • Outdoor Living: Garden • Garaging / Carparking: Off Street • Land Contour: Sloping • Condition: Fair • Views: River • Living Area: Open Plan • Main Bedroom: Double • Main Bedroom: Built-in-robe • Main Bathroom: Bath • Outdoor Living: Washing Line • Water Supply: Town Supply
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Disclaimer: While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
