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Description

Well known author and financial advisor Robert Kiyosaki once said "intelligence is the ability to take information and make it meaningful."
This is the golden moment you have been waiting for. Act now!
A unique in-demand property-investment opportunity with a solid double-digit cap rate waits for you in Gezina, Pretoria.
A less than one percent vacancy rate over the last few years means a stable cash-inflow can be expected for the future.
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There are 29 rooms each with prepaid electricity, 8 bathrooms and 3 fitted communal kitchens. Communal areas have Tshwane electricity.
Solar geysers provides ample warm water at a fraction of the normal cost.
More than enough open parking is available.
Existing rental agreements for 6 months are in place

Mortgage financing from major banks may be available at a 60 percent loan to value ratio (meaning a deposit of 40 percent of the purchase price is necessary to secure a mortgage bond). Why use all your money if you can leverage the bank's money at an all time low interest rate of 7 percent?  

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Details

Updated on August 22, 2022 at 2:31 pm

  • Reference #: 1315409
  • Price: R3,807,000
  • Suburb / Town: Pretoria
  • Property Type: House
  • Bedrooms: 29
  • Bathrooms: 8
  • Building Size: 1.0 ㎡
  • Stand Size: 1327.0 m²
  • Rates & Taxes: R 1200

Additional Features

    • Bedroom Features:
    • prepaid electricity
    • Bathroom Features:
    • neat and modern
    • Kitchen Features:
    • functional
    • Garden Features:
    • manageable
    • Security Features:
    • burglar bars,alarm,surrounding wall,access gate

    Need a Bond?

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    * The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.