R 3 000 000
| 11 Bedroom House for Sale in Mthatha
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Exclusive mandate fully tenated 11 bedroom house in southernwood earning over 10% roi!!
What an investment!!! Earning over 10% roi!!!
ACK Properties are proud have this exclusive mandate and to present this beautiful house in prime Southernwood!!
The property is located in Southernwood, the area is home to the Vulindlela Industrial Park. The area is a stone's throw away from the Mthatha CBD. The property is for the established property developer, the property is generating a monthly income of R 39 000.
Recently the area has had developments built with the Southern Wood Centre a walking distance from the property. The property is a mini secured complex property, catering to a market of single ladies in the rental market. The property is in a good condition,
The property consists of the following.
- large parking space
- 8 bachelor flats (each tenant renting R 3500 per month)
- A Main house
- kitchen (3 bedrooms, 2 bathrooms, Kitchen, sitting room,dining room) the rental on the main house is R 11 000 per month
This is a great opportunity for someone looking into going into the rental market.
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Contact AgentWeb Ref 115924505
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