Web Ref ULR10393
R4,500,000
Monthly Bond Repayment R44,173.95
Calculated over 20 years at 10.25% with no deposit.
Change Assumptions
16 cottages property offering an immediate and stable income for sale.
Presenting an exceptional and rare investment opportunity in the Lombardy East Area. This property contains 16 cottages offering an immediate and stable income.
13 of the 16 units are occupied with 12-month lease agreements already in place each paying R6500, ensuring instant cash flow and occupancy security from day one. The property is directly located to Greenstone Mall and within walking distance of top schools and education centres such as Rembrandt park primary school, Funky Days Holiday Programme and Graduate Employability Bootcamp Services. Shopping centres include Rembrandt Plaza, Lyndhurst Discount Centre and Lyndhurst Square. Health facilities are in close proximity such as Edenvale Hospital and Sizwe Tropical Diseases Hospital.
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These amenities guarantee high tenant demand and low vacancy rates.
• Significant operating costs are mitigated through a borehole for water independence and solar powered geysers, reducing municipal electricity and water expenses.
• The property features a sparkling communal swimming pool and abundant on-site parking key features that command premium rentals and ensure tenant satisfaction.
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• Each cottage comprise of a bedroom, bathroom, and kitchenette. Ideal for students, young professionals, and couples seeking affordable and quality living.
The combination of secure, long-term leases, reduced operational costs, and irreplaceable proximity to Malls, Education centres and health facilities creates a compelling investment case with guaranteed Return on Investment.
Contact us today for a detailed financial breakdown and private viewing.
13 of the 16 units are occupied with 12-month lease agreements already in place each paying R6500, ensuring instant cash flow and occupancy security from day one. The property is directly located to Greenstone Mall and within walking distance of top schools and education centres such as Rembrandt park primary school, Funky Days Holiday Programme and Graduate Employability Bootcamp Services. Shopping centres include Rembrandt Plaza, Lyndhurst Discount Centre and Lyndhurst Square. Health facilities are in close proximity such as Edenvale Hospital and Sizwe Tropical Diseases Hospital.
-
These amenities guarantee high tenant demand and low vacancy rates.
• Significant operating costs are mitigated through a borehole for water independence and solar powered geysers, reducing municipal electricity and water expenses.
• The property features a sparkling communal swimming pool and abundant on-site parking key features that command premium rentals and ensure tenant satisfaction.
·
• Each cottage comprise of a bedroom, bathroom, and kitchenette. Ideal for students, young professionals, and couples seeking affordable and quality living.
The combination of secure, long-term leases, reduced operational costs, and irreplaceable proximity to Malls, Education centres and health facilities creates a compelling investment case with guaranteed Return on Investment.
Contact us today for a detailed financial breakdown and private viewing.
Features
Pets Allowed
No
Interior
Bedrooms
16
Bathrooms
16
Kitchen
16
Reception Rooms
32
Study
1
Furnished
No
Exterior
Garages
2
Security
Yes
Parkings
16
Pool
Yes
Scenery/Views
Yes
