Property investors, business investors, retirees...here is a great opportunity for you!! With the rental market so high in demand, this should get you excited!
This property is located on the beach side of Uvongo, in the suburb of St Michaels and offers an incredible opportunity to someone looking to make a great return off rental income. Divided into 4 separate income generating flats, currently bringing in an income of R18 000 monthly, with the potential to achieve more, makes this a huge attractive feature, rentals and properties such as this are in HIGH demand in this area.
Flat breakdown and rental income: Upstairs 2.5 bed/2 bathroom flat with spacious lounge and kitchen and sea views R6000 Downstairs 2 bed/2 bath flat with spacious lounge and kitchen R5500 2 bed/1 bath detached cottage R4500 1 bed studio R2000
All flats have pre-paid meters already installed, and water is included in their rental. Low maintenance garden and property.
The property has had a huge makeover and therefore offers a seamless takeover to the new owner who can continue with the leases already in place.
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Disclaimer: While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
