3.5 Bed House in Glenwood

The property consists of 5 units:

Unit 5 - Main dwelling and my residence. 105m2, consisting of the following:-

LOUNGE & DINING AREA - Fan cooled, wide blade aluminium blinds at all windows, wall lights in dining area, PIR, tiled floor, Commax gate intercom, panic button, DSTV dish & conn.

cables.

KITCHEN - Granite worktops, space for dishwasher or front-loading washing machine, space for large fridge and bar fridge, many BICs, LED strip light, Bosch ceran hob & undercounter oven, Defy cooker hood, tiled floor, PIR.

PASSAGE - Large storage cupboard, PIR x2, new alarm system linked to owner''s phone, smoke detector, tiled floor.

OFFICE/STUDY - PIR, Cupboard for files etc., bookshelves, tiled floor, sliding aluminium door w/slam lock security gate to garden, spacious worktop for PC & printer, panic button.

PRIVATE FRONT GARDEN - Retractable wash lines, tiled verandah, high walls w/electric fence, built-in braai, gate to driveway. Gazebo with Jacuzzi. Synthetic grass.

BEDROOM 1- Carpet, PIR, aircon w/remote control, BICs, vanity unit w/DSTV extra view outlet etc. fitted bedside cupboards w/velour headboard, panic button. Digital safe in cupboard. Ensuite bathroom with shower.

BEDROOM 2 - Carpet, PIR, aircon w/remote control, BICs, vanity unit w/DSTV outlet etc. panic button. Ensuite bathroom with corner bath.

DOUBLE GARAGE - 38 m2, remote operated double garage door w/emergency release, metal tool cupboard, BIC, shelves, plumbing for washing machine, striplight over work bench. Own driveway and motor gate (separate from tenants).

Units 4 & 5 have hot water supplied by a solar geyser with a panel on the roof for backup water heating.

Outside lights around the building come on automatically at night.

UNITS 1 & 2 - 2 single rooms with shared bathroom and kitchen area. 12 m2 each.

Both have BICs, undercounter fridge, and kitchen sink, tiled floors.

Rental paid currently is R 3200pm for each unit, incl. L/W (R6000 total). One unit becomes vacant on 1/1/2025. The other unit is unlawfully occupied by an ex-tenant. Case has been settled in court.

UNIT 3 - Single bachelor cottage 20 m2.

BICs, undercounter fridge, kitchen area with sink unit, tiled floor, geyser and consumer panel for units 1-3, ensuite bathroom with shower. Currently let for R3900pm, incl. L/W.

Units 1-3 are in a separate compound, surrounded by a high wall and topped with razor wire. A locked gate gives access. There is a communal washline. Each unit is equipped with a DSTV dish & connection, and each unit has a heatstop awning for outside activities.

UNIT 4 - Is a large one bedroom, 1.5 bathroom flat 70 m2.

LOUNGE -Tiled:, double casement doors to verandah, DSTV outlet, BIC, serving hatch.

KITCHEN - many BICs, KIC hob & undercounter oven, plumbed for washing machine. Door to verandah.

BEDROOM - Carpet, BICs, vanity.

BATHROOM -Bath, plumbed for washing machine. Large room, could be converted to half bedroom.

HALF-BATHROOM - Shower etc.

VERANDAH - Large verandah with quarry tile floor and separate drying area w/windy drier.

Was let for R 6200pm incl. L/W. Now being let for R 7000 incl. L/W.

Operating in terms of a franchise agreement with TYSON PROPERTY HOLDINGS (PTY) LTD

Tenants enter via a separate motor gate and path to their units. Also open parking for flat 4. Gross rental yield for all units by 1/1/2025 is R 17700pm.