- 14
- 12
- 600 m2
- 8 585 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 2003.92
Property description
PRESIDENT PARK - INCOME PRODUCING OPPORTUNITY
This income producing property in Midrand offers a unique investment opportunity with its large stand divided into 8 studios, 3 loft studios, and a 3-bedroom studio, bringing an estimated rental income of between R60 - R65k per month.
The property is ideally located in a sought-after area, providing easy access to major amenities and transportation routes like the N! highway and Mall of Africa. It is also now part of the new Metropolitan Node of Midrand.
Its spacious layout offers a variety of units, catering to different preferences and needs of potential tenants. Each studio unit is designed to provide comfortable living spaces, featuring a bedroom area, a separate bathroom, and a compact kitchenette. The loft studios boast an additional floor, creating a separate sleeping or living area. The 3-bedroom studio offers a more spacious layout, perfect for families or individuals requiring more living space. All of the units have recently been renovated, with new kitchens and cabinetry.
The property also offers ample parking space, with undercover parking for 12 cars, ensuring convenience for tenants and their guests. Additionally, it features well-maintained communal areas, including a garden or outdoor space for relaxation and enjoyment.
With 8 studios, 3 loft studios, and a 3-bedroom studio, this property has the potential to generate substantial rental income. It presents an excellent opportunity for investors looking to expand their property portfolio or generate a steady stream of passive income, and is perfectly positioned for rental from university students at the nearby Midrand Campus. Security is paramount, and the property has a double fence, with electric fencing in between.
Don't miss out on this income-producing property in Midrand! Invest in a property that offers a variety of rental units and a prime location, allowing you to capitalize on the demand for affordable and convenient housing in the area. This could also be perfect for a school or consulting rooms. Contact me today for a viewing appointment.
Property Details
- 14 Bedrooms
- 12 Bathrooms
- 8 Ensuite
- 5 Lounges
- 1 Flatlet
Property Features
- Staff Quarters
- Pets Allowed
- Fence
- Access Gate
- Kitchen
- Garden Cottage
- Irrigation System
- Paving
- Garden
- 100 Cubic Meter French Drain
| Bedrooms | 14 |
| Bathrooms | 12 |
| Floor Area | 600 m2 |
| Erf Size | 8 585 m2 |
