R 1 300 000 | 11 bed property for sale in eshowe

Calling all cash investors. An amazing opportunity to purchaser this ideal investment property which is situated in the Nyanini Area which is approximately 3 kilometers from Eshowe CBD. This spacious property boasts 11 spacious bachelor units each with it's own kitchenette. There are shared communal bathrooms consisting of two toilets and two showers. Separate to the building is a care takers room. Property is big and spacious with enough room for further development. Build more units with ease. Fully secured with a boundary wall and gate. Incredible rental income, each tenants pays R 1400,00 per month with a total income for the entire property amounting to R 15400,00 per month. What a fantastic return on any investment. Expenses are minimal, electricity and water is approximately R 3000,00 per month. No rates and taxes. Please note property is situated in a rural area and falls under traditional council. No title deeds. OPEN TO OFFERS