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24 Bedroom House For Sale in Geelhoutpark

R6,995,000


Monthly Bond Repayment R74,596.75
Calculated over 20 years at 11.5% with no deposit.

Web Ref No JRL10113

Beautiful low maintenance freestanding homes in Geelhout Park with 8 x homes

Investment!! Investment!! Investment!!

Golden opportunity of buying ongoing business concern of 5000 square meters stand with 8 x 3 bedroom homes of 150 m2 with an approximate monthly income of Sixty Thousand Rand per month. Therefore as it stands it already gives a good rental income, for all the homes are rented out.
It is sold as a going concern and there are no transfer duties payable.

Each home consists of 3x bedrooms, 2x bathrooms, an open plan of kitchen, dining room and lounge and a single lockable garage. Each home has its own garden and is pet friendly.

It is in close proximity of small shopping centers and schools and easy access to the N4 and other major routes.
Remember that this complex can be changed into a guest house/lodge, offices or a retirement estate. Therefore there are endless possibilities.

Don't miss out on this opportunity and give me a call for viewing appointments.

Features

Bedrooms 24
Security Yes
Bathrooms 16
Recep. Rooms 16
Floor Size 1,200m²
Garages 8
Land Size 4,942m²
Pets Allowed Yes
Monthly Rates R6,150.00

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