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Located In Primrose Germiston

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Sale Reference : 38

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By Appointment

Sole Mandate

Fully Let In A Prime Location Of Primrose

A Good Buy Comes To The Market
Close To Highways, Schools & Shopping Centres

Stand 661 and 662 Primrose

2 Rietfontein 961m2
4 Rietfontein 808m2

Buildings consists of the following:

20 x 2 room flats with
Seperate kitchen
Seperate bathroom
Separate entrance hall

1 x bachelor flat
1 x 3 room flat
21x single garages used as rental rooms.
2 x Retail shops

Income and Expenses.

20 x 2600 rent = R52 000
1 x 3 bedroom = R 3 000
12 X Garages = R12 000
Shop 1= R3 800
Shop 2= R 5 000
Total Income = R75 800pm

Expenses
Rates etc :R 4 600
Salaries Caretaker: R4 000 pm
cleaner: R 2 500 pm
Cleaning materials :R1 000pm
Total : R12 100pm
Nett pm R63 700.00

Water & Electricity charges seperate
Rental increases due
All units are occupied

Address
2 & 4 Rietfontein Road Primrose

Johannesburg
Gauteng

For More Information.
Contact : Stephen
Telephone : 082 577 9737
Email : stephen@pvaproperty.co.za

Terms & Conditions
Cash will not be accepted.
Credits Cards are only allowed for registration deposits.
FICA documents are required.

Detailed Terms and Conditions

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Contact Details:
Telephone : 011 789 4375
Email : auctions@parkvillage.co.za

Unit 10 Ferndale Mews North
Corner Oak and Dover Road
Ferndale
Randburg
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