R 480 000

1 Bed Apartment in Tzaneen

1 1 1 1.2 ha 34 m²

EXCLUSIVE SOLE MANDATE!!!

Lovely bachelor''s unit available at Hotel Group, for investors!!

Spotless fully furnished bachelor''s unit with air conditioner, TV, stove, and fridge. Craw Daddy''s Restaurant with kiddies play area.

Rental Income of R3365.89, existing tenants have an 8-year lease agreement with a further 10-year option. The rent is managed by the Hotel Group and escalates by 5% yearly.

No levies or rates and taxes are payable.

8% RETURN ON INVESTMENT!!

Great investment opportunity is not to be missed!

Property details

Listing number T4612131
Property type Apartment
Listing date 25 Apr 2024
Land size 1.2 ha
Floor size 34 m²
Rates and taxes R 1

Property features

Bedrooms 1
Bathrooms 1
Covered parking 1
Security post

Tv
Furnished
Garden
Aircon