Great Investment Opportunity in Uitenhage with great Return on Investment
The building has been used as a guest house previously, but it has been converted and fully renovated into two bachelor units and two 1-bedroom units. All the units have on-suite bathrooms and a kitchenette. New gas geysers have been installed in the bachelor units whilst the 1-bedroom units each have its own electrical geyser.
Provision has also been made for satellite TV with links available in all the units. All the units also have its own pre-paid electricity meter. A complete alarm system has been installed with two key pads. If necessary, the new owner could install two more to ensure each unit has its own keypad. The property is fully fenced with a remote-controlled access gate.
A rental income of R13 000 is realistically achievable which far exceed one’s costs including the bond payment.