R 3 000 000 | 17 bed property for sale in yeoville

This Sectional Scheme, “Rialto” is wholly owned and very well managed. Positioned right next to the Yeoville Police Station and on a good road, Kenmere. Comprising of 9 large living units plus 5 roof rooms. 13 Garage parking bays Mix of 3, 2, and 1 Bed units In sound condition The property presents an excellent investment opportunity. Yield can be stated as being 14% or higher. Based on current income. The units generally have gas stoves. Rental Income R 51,810 p/m. Income R 621,720 per annum. Expense R 315,656.38 per annum. Annual possible NET R 408.353.62 (If Fully Let) Rates and Taxes Zero Rated (Individual sections) Egoli Gas connection throughout the property is available, although it is no longer in use. Nearby Key Points Include, But Not Limited To: - Ellis Park - Nelson Mandela Children's Hospital - UJ - Yeoville Police Station