3 well-built free-standing houses that are part of a portfolio of 33 commercial properties offered as an investment opportunity.
Each house consists of 3 bedrooms with BIC (main with en-suite), 2 bathrooms, open plan kitchen/living, area with sliding doors onto a paved patio, and great sized fully walled private garden which wraps right around to the back garden with a washing line. Each property has quality finishes, aluminum windows, security gates, opening windows fitted with burglar bars, and an alarm system. A single garage (with extra parking in front) gives direct entry into the property. Tiled entrance, fibre internet. prepaid boxes fitted - electricity. Centrally located to major highways, Century City, Canal Walk, and the beach! only 10kms from CBD.
Tenanted at R13 500 monthly for a minimum period of 1 year with a 12% annual rental escalation clause.
This close corporation company has 1 member. Each erf is registered in a separate Title Deed with no outstanding mortgages registered over them.