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Primrose, Primrose, Germiston, Gauteng
R 1 800 000
This well-developed income-generating property has been thoughtfully converted to accommodate multiple tenants, making it an excellent investment for buyers seeking immediate rental returns. The main house offers 7 spacious rental bedrooms, each generating R2,500 per month. Tenants share a fully equipped kitchen, while the home features 2 communal bathrooms: - Bathroom 1: Bath, shower, toilet, and basin. - Bathroom 2: Shower, toilet, and basin. Outside, there are 3 additional rental rooms, each generating R2,000 per month. These rooms share a communal bathroom fitted with a shower, toilet, and basin. The property also offers parking for up to 4 vehicles, providing convenience for tenants. Adding even more value, the property includes a fully operational grocery/takeaway (spaza) shop with its own storeroom. The commercial space generates R11,000 per month in rental income. Rental Income Breakdown: - 7 Bedrooms @ R2,500 each = R17,500 - 3 Outside Rooms @ R2,000 each = R6,000 - Spaza Shop = R11,000 Total Monthly Rental Income: R34,500 Whether you're an experienced investor or looking to expand your property portfolio, this is a fantastic opportunity to acquire a property with an established rental income stream and excellent return potential.
Estimated monthly repayment
R 16 998
on a R 1 620 000 bond over 20 years at 11.25%
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Primrose, Primrose, Germiston, Gauteng
Listed by
Francois Van der Merwe
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