Prime Investment in Observatory

ENTRANCE 2 – Income ±R28,700.00 per month

•4 Bedrooms
•1 Bathrooms
•Large lounge area with mountain views, could potentially
add another bedroom.
•Kitchen

Each room has bed, desk, chair and cupboards.

ENTRANCE 3 – Potential income – ±R38,000.00 per month

•Owner currently utilizing 3 bedrooms
•Can be an additional 6 students
•2 Bathrooms
•Kitchen
•Big lounge
•Garage
•Another back bedroom not currently let can be another ±R5,000 p.m
Flatlet – (can also be used for a manager)
•Open plan kitchen and lounge
•1 Bedroom
•1 Bathroom
•Potential rental of ±R10,000 p.m

EXTRAS:
•Double garage tiled with direct access into house
•Borehole with 100% drinkable water
•Good security
•Great investment with guaranteed income due to shortage of student accommodation
•Very central
•Potential yield of 11% – 12%

INCOME:
•Current rental ±R78,200 – ±R80,000 per month
•Potential rental ±R126,200 – ±R130,000 per month

EXPENSES:
•Water / Rates / Sewerage ±R4,000 pm
•Electricity ±R6,500 pm
•Insurance ±R1,200 pm
•Internet ±R800 pm
•Cleaning ±R1,500 pm
•Maintenance ±R1,000 pm