This is a great long term investment property in a central hub area. The size of the land allows for a multiple development options.
This well located property is situated in the affluent suburb of Bryanston Ext 3 . It is situated next to all major routes with the Olivedale Hospital 2km away.
The property has been re-zoned for Educational purposes and has consent for 50 children .
The property measures 3000m2 with the house at 220m2 under roof.
This property is sold with an established tenant who has been renting from the owner for the past 5 years, due to its good location and ample office space.
The asking price for this investment property is a modest R3million.
Year Established: 2010
Lease Term: Current tenant has been there 5 years
Rental Income: R30000,00
Average Monthly Expenses: R1000,00 ( Rates)
Average Monthly Net Profit before Tax: R29000,00