R 12 000 000 | 27 bed property for sale in erasmia

Newly built complex for sale in Christoburg! Complex consists of 9 Simplex Units, fully occupied and receiving income. 9 × Modern 3 Bedroom Simplexes in secure complex in Erasmia / Christoburg. Annual Net Rental Income: R912 000.00 3 Bedroom, 2 Bathroom lockup & Go Simplex in secure complex in Erasmia. The Kitchen with open plan dining & lounge consists of fully equipped wall – high cupboards with ample space for appliances fitted with granite tops, oven & hob, a sink as well as space for a dishwasher. The modern bathrooms offer showers with one of which is an ensuite. The common bathroom can accommodate a washing machine. The spacious bedrooms offer built in cupboards with space for a double bed whereas a king size in the main bed. Complex offer 2 open parking with ample space for visitors parking as well as space for an upgrade of covered carports. Gross Rental Income: R81 000.00/month Expenses: - R5000.00/month This includes rates & taxes and complex maintenance guy. Net Rental Income: R76 000.00/month Each Simplex has a pre-paid Electricity & Water.