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Leonardsville, Leonardsville, Ladysmith, KwaZulu-Natal
R 1 399 000
Investment Opportunity in Leonardsville – Multiple Cottages on a Large Stand This property presents a fantastic investment opportunity in Leonardsville, offering multiple rental units and the potential to increase rental income with some TLC and improvements. The property consists of: 2 x 4-bedroom cottages, each featuring a lounge, kitchen, bathroom, and separate toilet. 2 x 2-bedroom cottages, each featuring a lounge, kitchen, bathroom, and separate toilet. Prepaid electricity meters Prepaid water meter Large yard with plenty of space The property currently generates an approximate rental income of R10,000 per month, with the potential for increased returns through renovations and general maintenance. With some attention and TLC, this property could be transformed into a solid income-generating asset and is well suited to investors looking to expand their rental portfolio.
Estimated monthly repayment
R 13 211
on a R 1 259 100 bond over 20 years at 11.25%
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Leonardsville, Leonardsville, Ladysmith, KwaZulu-Natal
Listed by
Siya Van der Merwe
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