Property Overview: Located in Bendor, this impressive multi-unit property offers a fantastic investment opportunity. Spread across a generous erf of 1,457 m², this property features four rental units with a proven track record of generating substantial rental income. Priced at R 3,500,000.00, this property is ideal for investors looking to capitalize on the robust rental market in Bendor.
Property Details:
• Location: Bendor
• Erf Size: 1,457 m²
• Zoning: Residential 2 (Res 2)
• Water Supply: Borehole (37 meters)
• Access: Remote access gates
• Utilities: Each unit has its own prepaid electricity meter, and gas stoves
• Water Storage: 2 JoJo tanks for additional water supply
Unit Breakdown and Rent Income:
Gate 1:
• Unit 1:
o Rent Income: R 4,500.00 per month
o Features:
? 1 Bedroom
? 1 Lounge
? 1 Kitchen
? 1 Bathroom
? Courtyard
? Own gate access
Gate 2:
• Communal Area:
o Amenities: Communal swimming pool
• Unit 2:
o Rent Income: R 12,500.00 per month
o Features:
? 4 Bedrooms
? 1 Lounge
? 1 Kitchen
? 1 Bathroom
? Courtyard
• Unit 3:
o Rent Income: R 4,500.00 per month
o Features:
? 1 Bedroom
? 1 Lounge
? 1 Kitchen
? 1 Bathroom
• Unit 4:
o Rent Income: R 12,500.00 per month
o Features:
? 4 Bedrooms
? 1 Lounge
? 1 Kitchen
? 1 Bathroom
? Courtyard
Total Monthly Rental Income: R 34,000.00
Investment Highlights:
• Zoning: Res 2, allowing for residential development and potential expansion
• Utilities: Each unit equipped with cost-effective gas geysers and stoves, and individual prepaid electricity meters
• Water Security: Borehole and JoJo tanks ensure a reliable water supply
• Access: Secure remote access gates for enhanced safety
• Amenities: Communal swimming pool for tenant use
Financial Information: This property is priced at R 3,500,000.00. With a total monthly rental income of R 34,000.00, the property offers a lucrative return on investment. The established tenant base and high demand for rental units in Bendor make this a solid and reliable income-generating asset.