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R5,215,000

Monthly Bond Repayment R55,614.31
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R6,000

Investment Apartment-Block 18 Flats Fully Tenanted Flats in Springs CBD with Stable Rental Income

Position, Position, Position... Echoes of prime location resonate with this remarkable property situated in the heart of Springs CBD. Nestled within close proximity to all essential amenities including the train station, courts, SAP offices, hotels, schools, clinics, and mere minutes away from the bustling town center, this property offers unparalleled convenience and accessibility.
There are 10 x 1 bedroom Flats has potential to covert into 2 bedrooms

Property Overview:

18 x Flats that are Fully tenanted with stable rental income.
Rental Details
Monthly rental income confirmed, with leases in place.
Utility Charges
Electricity is charged separately based on individual flat usage, metered monthly.
Stable Investment as this property boasts consistent rental income streams and confirmed lease agreements, ensuring a stable return on investment.
Location Advantages
Transportation,Immediate access to the train station facilitates easy commuting.




Contact us today for more detailed financials and to arrange a viewing of this exceptional investment opportunity.

Features

18
15
8
Pets Allowed
Yes
Interior
Bedrooms
18
Bathrooms
15
Kitchens
18
Reception Rooms
36
Exterior
Garages
8
Carports / Parkings
11
Flatlet
18
Domestic Accommodation
6
Sizes
Floor Size
1,200m²
Land Size
1,538m²
Extras
Accommodation • Burglar Bars • Bachelor Studio • Curtain Rails • On Street Parking • Built in Wardrobes • Street Front
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Mandated Property Group website is accurate and up to date, Mandated Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

55,614.31

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