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R2,770,000

Monthly Bond Repayment R28,591.62
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Rates
R1,000

Excellent rental investment opportunity for sale in Secunda

This outstanding rental investment property presents a lucrative opportunity for investors seeking substantial rental income. With a total of nine units, each unit featuring a bedroom complete with built-in cupboards, a kitchenette, and a private ensuite bathroom. These units come fully furnished, ensuring convenience and comfort for tenants, as they include essential amenities such as beds, bar fridges, kettles, and TVs, among other necessities.

The property also offers a communal kitchen, which provides tenants with a shared space to prepare meals and socialize. This feature adds to the property's appeal, promoting a sense of community among its residents. Additionally, the inclusion of a communal kitchen reduces the need for individual kitchenettes in each unit, optimizing space and reducing maintenance costs for the landlord.

To further enhance the property's utility and appeal, there is a jojo tank equipped with a pump. This sustainable feature ensures a reliable water supply for the property, contributing to reduced water bills and environmental conservation. Tenants will appreciate the uninterrupted access to water, making their stay more comfortable and hassle-free.

In terms of parking, this property offers ample space, addressing a common concern for renters. Adequate parking facilities not only enhance tenant satisfaction but also make the property more attractive to potential tenants. This can lead to reduced vacancy rates and increased rental income for the savvy investor.

The location of this investment property should not be overlooked. Proximity to essential amenities such as schools, shopping centres and close to sasol. Investors can capitalize on the convenience factor when marketing the property to potential tenants, making it an even more desirable option.

In summary, this rental investment property stands out as an excellent opportunity for those looking to generate consistent rental income. With nine well-appointed units, furnished with essential amenities, a communal kitchen, a jojo tank for reliable water supply, and ample parking, it offers tenants a comfortable and convenient living experience. Its strategic location further enhances its appeal, making it a valuable asset in any investment portfolio. Don't miss out on the potential for substantial returns that this property has to offer.

Features

9
9
Pets Allowed
Yes
Interior
Bedrooms
9
Bathrooms
9
Kitchens
1
Sizes
Land Size
965m²

Kruinpark, Secunda

In 1976 construction of R2,3 billion Sasol 2 commences and a new town named Secunda is born. The name of our town means "Second", which originated from the Latin language, and was so-called due to the fact that it was the second extraction refinery making oil from coal. This opening was a result of the oil crisis in the years 1973 to 1974. Like the world's first such plant at Sasolburg, the Secunda plants...
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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:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

28,591.62

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