About this property

Gross yield at asking 9.70%. Net yield 8.63%. Ideal for: Multi-let investment | Medical boarding facility | Extended family living | Corporate accommodation | AirBnB &amp; Short-Term Rentals Appreciation on Linden's actual record, 0.81% to 0.93% a year. Call it 0.9%. A ten-year hold at asking puts the property near R5.1M - about R400,000 of nominal growth against R4.05M of accumulated net income. The income is the return here by a factor of ten. Three self-contained cottages on one 888 m² freehold erf. Zoning approved, building plans approved, all three tenanted. That combination is rare. Ideal for: Multi-let investment | Medical boarding facility | Extended family living | Corporate accommodation | AirBnB &amp; Shortvered parking. Three prepaid electricity meters on three-phase supply, three individual water meters. One shared driveway, one perimeter wall, one electric gate, intercom throughout. Cottage 1 - one bedroom, one bathroom, open-plan living and kitchen, single carport. Cottage 2 - two bedrooms, two bathrooms, open-plan living and kitchen, double carport. Cottage 3 - three bedrooms, two bathrooms, open-plan living, dining and kitchen, single and double carport. Six bedrooms. Five bathrooms. Three kitchens. Three living areas. Roughly 402 m² under roof on a level, fully walled stand. The numbers are on the table. Combined gross rental is R38,007 a month, R456,088 a year - a 9.7% gross yield at the asking price. Rates and taxes run R2,267 a month for the whole property. No levies. Water, sewerage and refuse are recovered from tenants at cost. There is no managing agent in place, so an owner who runs it himself keeps what an agency would take. Current leases, escalation schedule and the full operating breakdown go to qualified buyers on request - the actual figures, not the adjectives. Run them yourself. The structure opens doors a standard house does not. An investor takes over income already running, with the zoning risk already answered. An extended family houses three generations under one title without putting them under one roof. A company places staff minutes from Randburg, Sandton and Rosebank. Care or boarding-type occupation is worth exploring subject to consent use. Linden holds its value because of what surrounds it. Blairgowrie Primary is 500 m away, Hoërskool Linden 750 m, Laerskool Louw Geldenhuys a kilometre, De La Salle Holy Cross 1.3 km, Pinnacle College Linden 1.8 km, Hoërskool Randburg 2.5 km. Pick n Pay Express, Linpark, Linden Lanes and Linden Square all sit inside 1.5 km. 4th Avenue keeps the restaurants and the coffee. A new mosque is under construction on 1st Avenue. Milpark Hospital is 8 km out, Charlotte Maxeke under 10. Randburg, Rosebank, Sandton, Melville and the Parks are all short runs from the gate. PARKVILLE PROPERTIES (PTY) LTD trading as RE/MAX Advantage (Rosebank) operates in terms of a franchise agreement with RE/MAX of Southern Africa.