- 13
- 5
- 1 829 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Mun. Rates & Taxes: ZAR 1365.00
Monthly Levy: ZAR 0.00
Property description
A more prime location situated near UKZN you will not find! Did you know that Scottsville has its own Gold Mine? This is it!
The property is bursting with the potential to generate fantastic income. It is suited as a family home where a family could reside in the main house with the benefits of fetching rental income on the property from the other dwellings which could easily amount to R42 500.00 per month!
or....
One could convert the entire property into student accommodation or small business rental spaces and command a Gross Income of R75 000.00 per month!! Applying a little business acumen will realise you the achievement of your dreams. In total the property will provide 14 bedrooms/offices, 5 bathrooms as well as 7 toilets, two kitchens, and sufficient parking space with entrances from two roads. If the focus is students then the comfortable estimate is that at least 30 students could reside on the property.
These are BIG numbers, PERFECT location, LOW price, and an IDEAL opportunity! A potential gross return rate of 26% pa!!!
I look forward to introducing you to your new business venture. Give me a call to book a private tour of this property.
Property Details
- 13 Bedrooms
- 5 Bathrooms
- 4 Undercover Parking
- 1 Lounges
Property Features
- Pool
- Garden
- 2X Kitchens
- Tool shed
| Bedrooms | 13 |
| Bathrooms | 5 |
| Erf Size | 1 829 m2 |
