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R4,300,000

24 Reitz Road

Monthly Bond Repayment R44,384.10
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Rates
R1,200

Beautiful property with tenants in President Park

Set off Reitz Road in a private cul-de-sac (panhandle), this stunning property has multiple homes for the owner and tenants alike with each cottage personalised and named.

The Sellers, who are relocating, have described their home as a "French-styled farm village"' and "ideal for multi-generational living". It features 7 cottages and sleeps up to 20 people, undercover parking for 8 cars, and currently generates excellent rental income. Six of the seven cottages have kitchens with gas ovens and hobs. Each cottage has Free Wi-Fi for residents' convenience.

Cottages 1,2,3 consist of 2 bedrooms and 2 bathrooms each. Cottage 4 has 1,5 bedrooms and two bathrooms and a private roof garden. Cottages 5, and 6 are I bedroom and I bathroom each. Cottage 7 has 2 bedrooms, a bathroom, a large farm-style kitchen, two lounges and access to a large outdoor boma with a pizza oven and built-in braai area.

The covered outdoor entertainment area has a pizza oven and braai area. Indigenous trees and vegetation creates a low-maintenance, eco-friendly environment including gas and solar geysers.

Set on 8,710m2 of land, this safe and secure panhandle property is perfectly positioned for convenient access to the N1 highway, Gautrain, Grand Central Airport, Mall of Africa, Turkish Mosque, and the Waterfall and Midrand business precincts. It is conveniently located 5.6 kilometres from Life Carstenhof Hospital and 5.1 kilometres from Netcare Waterfall City Hospital. The property is also located 3 km from Eduvos Private Higher Learning Provider.

Rental income information available for serious buyers.

Viewing by appointment only.

E & OE - While every care has been taken in the preparation of this listing, we cannot be held responsible for any errors or omissions that may have inadvertently occurred. The information contained in the listing is subject to updates and/or changes.

Features

11
11
Pets Allowed
Yes
Interior
Bedrooms
11
Bathrooms
11
Kitchens
7
Reception Rooms
11
Studies
2
Exterior
Carports / Parkings
8
Security
Yes
Flatlet
7
Sizes
Floor Size
645m²
Land Size
8,710m²
Extras
Built In Braai • Country Living • Electric Fencing • Electric Gate • Electricity Included • Cul_De_Sac • Fibre • Landscaped • Lapa • Pizza Oven • Septic Tank • Solar Heating • Water Feature • Water Included

President Park, Midrand

Midrand property: A profile of Midrand property from a prospective buyer’s perspective, with information on attractions and where to buy in Midrand. Midrand Property Midrand is situated halfway between Johannesburg and Pretoria and is one of the fastest growing commercial and residential hubs in the country. Due to its proximity to Gauteng’s major cities; business owners, particularly in the...
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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.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

44,384.10

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