INVESTOR OPPORTUNITY! Cash positive from day one. 9 fully let rooms with 6 bathrooms!
Lifestyle Property Group proudly presents 29 Second Street Orange Grove to investors who are are seeking a cash positive investment from day one.
The main house consists of 8 bedrooms and 6 bathrooms.
5 of the bedrooms are en suite with private bathrooms, while the remaining 3 bedrooms share the 6th bathroom.
There is a shared kitchen with a gas hob and laundry facilities.
Each room has its own prepaid electricity meter. The water, also on a prepaid meter, is shared by the house.
The garden area allows for outdoor relaxation and has a built in braai.
External to the main house there is a studio apartment with its own bathroom facilities and gas hob in the kitchen,. The studio apartment has its own separate prepaid water and electricity meter.
The house is fully let and is managed by All Space. The monthly income is currently, but not limited to, R22 150.00 as the rentals charged are not at a premium.
For a longer term investment plan 29 Second Street is one of two investment properties that can be bought either separately or together. Both properties fall into the "Corridor of Freedom", an area that has been identified for high density development. The two properties on offer at this time are separated by two additional erfs. If the additional two erfs are acquired as part of a long term investment plan there is written COJ approval to build an eight story building, with 200 studio apartments.
Investing in property creates now income and future wealth.
Don't delay in calling me for your private viewing!
Disclaimer: Lifestyle Property Group has tried to ensure that all representations contained in this advertisement are accurate but provides no guarantees whatsoever. The representations herein has not been compiled to meet a Purchaser’s individual requirements and it remains the Purchaser’s sole responsibility to inspect the property duly prior to entering into any purchase agreement. The representations herein does not constitute the terms of sale as the images and descriptions are merely indicative. LPG assumes no responsibility for any errors and we reserve the right to correct/change/update the advert at any time without prior notice.
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Disclaimer: While every effort will be made to ensure that the information contained within the Lifestyle Property Group website is accurate and up to date, Lifestyle Property Group 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.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
