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Mthatha, Mthatha, Mthatha, Eastern Cape
R 2 500 000
The property is located in Southern Wood, the area is home to the Vulindlela Industrial Park. The area is a stone's throw away from the Mthatha CBD. The property is for the established property developer, the property is generating a monthly income of R 16 500.00 . Recently, the area has had developments built with the Southern Wood Centre a walking distance from the property. The property is catering to the rental market and is in a good condition. The property consists of the following. - large parking space - 2 flats at the back - Flat 1 : has 1 bedroom - Flat 2 : has 2 bedrooms - A Main house - kitchen (3 bedrooms, 2 bathrooms, Kitchen, sitting room,dining room) the rental on the main house is R 8500-00 per month This is a great opportunity for someone looking into going into the rental market.
Estimated monthly repayment
R 23 608
on a R 2 250 000 bond over 20 years at 11.25%
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Mthatha, Mthatha, Mthatha, Eastern Cape
Area view — the exact address is shared on enquiry.
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