- 19
- 14
- 860 m2
- 9 ha
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 1500.00
Property description
Located in the Roodepoort area of Polokwane, this plot presents an excellent investment opportunity. Despite requiring some tender loving care, the property has the potential to generate approximately R 46,000-00 in monthly rental income from the existing residential dwellings. With a modest investment of around R 100,000-00 for upgrades, the monthly income could be even higher.
In addition to the residential units, the plot features two warehouses totalling approximately 860 m², complete with lockable storerooms and solid concrete flooring. This setup is perfect for a buyer looking to work from home or relocate their business to a plot. The property also offers ample carport space with 20 parking spots.
This investment is particularly appealing, considering that all residential units can be rented out, resulting in a 16.72% return on investment. Adding to this, there is an extra 5% for the average capital growth in Polokwane, bringing the total return on investment to an impressive 21.72%. This outperforms typical bank returns.
It's important to note that banks typically do not finance 100% of this property type, requiring a deposit ranging from 20% to 40%. However, the generated income is more than sufficient to cover the bond on the property, allowing for a profit. Moreover, by utilizing the warehouses and avoiding rent expenses, the financial outlook is further improved.
For those interested in pure investment purposes, renting out the warehouse space for approximately R 15,000-00 per month (based on a modest calculation of less than R20 per m²) can elevate the total return on investment to 27.18% annually, equivalent to R 61,000-00 per month. This underscores the tremendous potential and financial benefits associated with this property.
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No one sells more property than us, so make the smart choice now. Pre-qualified or cash buyers will be given preference. If this property does not suit your needs or taste, please give me a call so that we can discuss and find your dream home or next investment. Please also click on the logo to your right to see all properties available by us.
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Property Details
- 19 Bedrooms
- 14 Bathrooms
- 14 Ensuite
- 1 Lounges
Property Features
- Patio
- Staff Quarters
- Storage
- Fence
- Kitchen
- Garden
| Bedrooms | 19 |
| Bathrooms | 14 |
| Floor Area | 860 ha |
| Erf Size | 9 ha |
