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Description

Imagine a well-balanced-scale.
On the left side you have a risk-free fixed investment with an eight percent cap rate..
On the right side you have a double-digit cap rate investment with growth potential.
Which one of these would you choose?

This Property in Rietfontein, Pretoria offers you exactly this double-digit opportunity

With a vacancy rate of less than 1 percent  over the last few years you can be assured of a handsome annual return on your investment.

It has 17 rooms each with prepaid electricity, 2 en-suite bathrooms, 6 bathrooms and 2 fitted communal kitchens. Communal areas have Tshwane electricity.

Solar geysers (2x 300 lt) provides  ample warm water at a fraction of the normal cost.

Ample open parking is available.

Mortgage financing from major banks may probably available at a 60 percent loan to value ratio, so why use your own equity when you can leverage someone else's money?

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Details

Updated on March 29, 2021 at 3:13 pm

  • Reference #: 1314617
  • Price: R2,999,000
  • Suburb / Town: Pretoria
  • Property Type: House
  • Bedrooms: 17
  • Bathrooms: 8
  • Building Size: 1.0 ㎡
  • Stand Size: 1200.0 m²
  • Rates & Taxes: R 2500

Additional Features

    • Bedroom Features:
    • prepaid
    • Bathroom Features:
    • modern
    • Kitchen Features:
    • 2x communal
    • Garden Features:
    • established
    • Security Features:
    • burglar bars,surrounding walls

    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.