R 2 500 000
| 8 Bedroom House for Sale in Bloubosrand
8
7
8
Agulhas Road, Bloubosrand, Randburg. Great investment opportunity 7 units, Large 1 x 2 bed home and 6 bachelor homes all rented out with vetted tenants, R32,000 monthly rental.
A rare opportunity for the smart business-minded buyer: R32,000 rental income from 7 income-generating units on a neat, low-maintenance property with vetted, paying tenants already in place.
Currently producing R32,000 rental income per month, this well-positioned property is located just outside the Kya Sands industrial area, where strong demand for nearby staff accommodation creates a consistent pool of quality prospective tenants. It is also situated opposite the impressive CRC Church, a major landmark seating over 5,000 people.
Designed for efficiency and strong returns, all units are fitted with gas stoves and ovens, while 3 units have gas geysers paid for by the tenants. Each unit also has prepaid electricity, further reducing landlord running costs and improving cash flow.
The property offers 2 entrance gates, 6 covered carports, and 2 open parking bays, with most of the property paved for easy upkeep. A gardener services the property every Wednesday, helping keep the complex neat and well maintained with minimal effort from the owner.
In great condition and set up for low maintenance, this practical layout is easy to manage and designed to put more cash in your pocket.
Cash deposit is required as banks wont offer 100% bonds due to the nature of the business. Most banks will offer 50% bonds and depending on your profile they might up offer to 80%. Thus a minimum deposit of 20% is required. Transfer fees and transfer duty applies (NO VAT).
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