R 2 500 000 | 24 bed property for sale in queensburgh central

This property is well situated with a healthy tenant base making regular payments towards the rent monthly. Unit sizes and quality vary. The purchaser will purchase all 10 these units with the communal land for the above-mentioned selling price. This The Roi on this investment is through the roof and would be appealing to any witty investor looking to expand his portfolio. This would also work well as a retirement investment, since the owner can stay in the 1 house and manage the other properties for regular monthly income. The Rondawel unit sizes are as follows: Unit 1 - 87 m2 Unit 2 - 94 m2 Unit 3 - 62 m2 Unit 4 - 140 m2 There other units have been built on the common property area and the sizes of these units are unknown. Current rental income is R 38 500, and the rates and taxes are R 2150. What a bargain! All units have prepaid electricity and are supplied though 4 main sources to the land. Each unit also has a water meter to manage their monthly usage. Property is situated in a green belt nature reserve area with great security in and around the property. Truly a great investment.