27 Bed Townhouse in Erasmia

Newly Built Complex for Sale with 9 Simplex Units Currently Receiving Income

Newly built complex for sale in Christoburg!

Complex consists of 9 Simplex Units, fully occupied and receiving income.

9 Modern 3 Bedroom Simplexes in secure complex in Erasmia / Christoburg.

Annual Net Rental Income: R912 000.00

3 Bedroom, 2 Bathroom lockup & Go Simplex in secure complex in Erasmia.

The Kitchen with open plan dining & lounge consists of fully equipped wall high cupboards with ample space for appliances fitted with granite tops, oven & hob, a sink as well as space for a dishwasher.

The modern bathrooms offer showers with one of which is an ensuite. The common bathroom can accommodate a washing machine.

The spacious bedrooms offer built in cupboards with space for a double bed whereas a king size in the main bed.

Complex offer 2 open parking with ample space for visitors parking as well as space for an upgrade of covered carports.

Gross Rental Income: R81 000.00/month

Expenses: +- R5000.00/month

This includes rates & taxes and complex maintenance guy.

Net Rental Income: R76 000.00/month

Each Simplex has a pre-paid Electricity & Water.

Security Complex