R2,125,000
R2,125,000
Monthly Bond Repayment R22,661.63
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
R3,338
RICHMOND HILL FULLY TENANTED APARTMENT BLOCK FOR SALE
EXCELLENT STUDENT ACCOMMODATION POTENTIAL!!
14 bedrooms to accommodate 28 beds. Income potential of R95 200/month
CALLING ALL INVESTORS:
Monthly Rental Income: R25600
Monthly Expenses: R9235
Monthly Net Income: R17 665
Yearly Net Income: R211 979
ROI: 9%
R2 200 000 (BRING OFFERS!)
SOLE MANDATE
THE PROPERTY CONSISTS OF THE FOLLOWING:
2 X 4 bedrooms, bathroom, kitchen and lounge with single garage each
2 x 3 bedrooms, bathroom, kitchen and lounge with single garage each
Unfurnished
ALL TENANTED with Leases and deposits
4 prepaid water meters and 4 prepaid electricity meters to recover all utilities from the tenants
Rates: R3338
Floor size: 655sqm
Land: 530sqm
Features
Interior
Exterior
Sizes
Get Email Alerts
Sign-up and receive Property Email Alerts of Apartments for sale in Richmond Hill, Port Elizabeth.
Disclaimer: While every effort will be made to ensure that the information contained within the Only Realty website is accurate and up to date, Only Realty 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.
