Web Ref No CL1979

For Sale - Starter Investment

460 Esther Roberts Road, Glenmore

For Sale-

Fully tenanted freestanding property with an outside building and parking.

Property approved for multi level high density.

Great starting point for an entry level investor. No vacancies in the 5 years the seller has had this property.

7 units with the following rental income.

Unit A - R3200
B - R3500
C - R3200
D - R3500
E - R4000
F - R5000 ( laundry)
G - R5000 ( outbuilding)

Total- R27 400 p.m
Rates R1968 p.m

The return is strong enough to cover your investment and the rates and taxes. All units are 1 bedroom studios(as generous as 1 bedrooms) with it's own separate shower and toilets. Situated close to Umbilo police station, Glenwood bakery, creches, place of worship, good schools and Howard college.

Don't hesitate to call me for more information and to setup a viewing.

Focusing on the south basin ( Jacobs, Mobeni and Clairwood) and central Umbilo/ Congella