10 Bed House in Bendor

Property Overview: Located in Bendor, this impressive multi-unit property offers a fantastic investment opportunity. Spread across a generous erf of 1,457 m, 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 m

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:

oRent Income: R 4,500.00 per month

oFeatures:

?1 Bedroom

?1 Lounge

?1 Kitchen

?1 Bathroom

?Courtyard

?Own gate access

Gate 2:

Communal Area:

oAmenities: Communal swimming pool

Unit 2:

oRent Income: R 12,500.00 per month

oFeatures:

?4 Bedrooms

?1 Lounge

?1 Kitchen

?1 Bathroom

?Courtyard

Unit 3:

oRent Income: R 4,500.00 per month

oFeatures:

?1 Bedroom

?1 Lounge

?1 Kitchen

?1 Bathroom

Unit 4:

oRent Income: R 12,500.00 per month

oFeatures:

?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.