R5,400,000
R5,400,000
11 The Avenue
Monthly Bond Repayment R56,659.82
Calculated over 20 years at 11.25% with no deposit.
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Monthly Rates
R1,906
R1,906
10 Bedroom House For Sale in Orchards
A unique opportunity to earn a large rental income (realistically R54 000 per month) from this multi-unit property in the heart of Orchards.
There are 7 separate, rentable units on the property, plus the main house which has 3 bedrooms. The units consist of:
• Three custom designed, modern, studio units each with upstairs loft and own bathroom and kitchenette, currently generating R22 900 combined.
• A fourth, larger studio unit, generating R7 000.
• Three custom-designed, compact, “budget” units, generating a combined R7 100. These 3 units share a bathroom and kitchen.
• The main house could easily have the main bedroom altered to be a standalone rental unit earning R6 000, and the rest of the main house (with 2 bedrooms) could earn R11 000.
A good indicator of return on investment for rental properties is the “gross yield”. A good gross yield is 10% p.a. or more. At a list price of R5.4m, the gross yield is a very good 12% p.a.
A key financial benefit! Investing in multi-unit rentals in a sectional-title complex incurs costs of levies and rates on each unit. For this property there are no levies and only one COJ account! Major cost saving.
Other features:
• Huge investment in solar energy—hardly requiring any draw from Eskom.
• Most of the units have their own private patios.
• Kitchen in the main house has all the mod cons: fully renovated, Smeg stove (gas + electric); Caesarstone-type tops, etc.
• Main house has very spacious open-plan living areas (lounge, dining, kitchen), with laminate wood flooring throughout.
• “Beach bar” outside relaxation area, with beach sand.
• Parking inside the property for 6 cars.
• Excellent location in the heart of Orchards
• Good security—security gates, electric fence.
• Owner is amenable to including most of the furniture in the deal
Features
Pets Allowed
Yes
Interior
Bedrooms
10
Bathrooms
2
Kitchens
1
Reception Rooms
2
Furnished
Exterior
Carports / Parkings
6
Security
Yes
Flatlet
7
Sizes
Land Size
808m²
Orchards, Johannesburg
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Disclaimer: While every effort will be made to ensure that the information contained within the Jawitz Properties website is accurate and up to date, Jawitz 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.
