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Cullinan, Cullinan, Cullinan, Gauteng
R 2 980 000
Situated on a spacious 1222 sqm stand, this well-maintained property presents an excellent investment opportunity, with five units being sold as a single package. Each unit offers an open-plan kitchen and living area, two comfortable bedrooms, and a bathroom fitted with a bath. In addition, every unit is equipped with its own prepaid electricity meter and a gas geyser, enhancing convenience and reducing utility management for both owner and tenants. The units are neat, clean, and well-kept, making them highly appealing to tenants. The property currently generates a steady rental income of R5 500 per unit per month, providing a solid and reliable return on investment. A communal garden adds to the appeal, offering a neat and easy-to-maintain outdoor space. Ideally located directly across from a school and within close proximity to shops and other amenities, the property enjoys strong rental demand. This is a fantastic opportunity for investors looking to secure a well-positioned, income-generating asset.
Estimated monthly repayment
R 28 141
on a R 2 682 000 bond over 20 years at 11.25%
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Cullinan, Cullinan, Cullinan, Gauteng
Listed by
Noluthando Erasmus
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