Property and house for sale in Verulam - Kwazulu Natal
INVESTMENT OPPORTUNITY
Perhaps the safest investment you will make is buying into this idea of creating a property portfolio or adding to your existing one. Situated near the Metro Police and close to the entrance of Verulam, an area called LOTUSVILLE ,close to the Airport, is this contemporary home transformed into 7 sections of 2 bedroom units that are fully let. Not a sectional title if you are wondering. Each 2 bedroom unit has their OWN prepaid and electrical meters and a relatively roomy open plan kitchen with built in units and lounge combination of eating and sitting areas. INCOME currently from the 7 units is R360000pa. However, what makes this property an added sweet investment is the potential of adding another 4 sections bringing the potential rental to a staggering R600000pa. Some effort would be required though to complete the additional extensions according to the plan. Overall the paint work and maintenance is neat and tidy. If your eyes fell upon the extensions, the double garage and above that will be the additional units. Sold as is, however, subject to time and availability the seller will be able to assist with further queries you may have to complete the other 4 units and why not, since it will bring you more income.
Tenants absolutely love this location, as its safe, with it being so close to the Metro Police, the shopping mall, post office, licence office. They also love the idea of prepaid water and electricity as its so hassle free more especially for the owner.
Now you can be the New Landlord and enjoy your investment work well for you. You welcome to discuss this investment with me and see for yourself how valuable this deal really is. Do hurry, we hardly get ones like these!
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