Anyone who knows Cullinan and Rayton will realize that rental properties are at a price in the area. Here is a golden opportunity to enter the rental market and earn an income whilst your tenants pay your bond. This exceptional property consists of 6 units, all of which are currently rented out. You can easily achieve a rental income of some R40K per month by renting the units at a very reasonable cost or rent out five of the units whilst living in one.
The property consists of the following units:
Two newly built duplex units/flats, both with two bedrooms, a modern spacious kitchen in an open plan arrangement with the dining room and lounge. A modern bathroom with bath and shower and a laundry area as well as a lock-up garage. Each of the flats has its own electricity meter.
Another flat with two bedrooms, kitchen in an open plan arrangement with the dining room and lounge, bathroom with shower and a carport.
A one bedroom rondavel with kitchen, bathroom and lounge as well as a carport.
A three bedroom house with kitchen, open plan dining room and lounge, bathroom with bath and separate toilet as well as a carport for two cars.
A four bedroom house with kitchen, bathroom, separate dining room and lounge and carport for two cars.
The 1,7ha property has excellent water from seven boreholes of which two are equipped. It has two 5,000 litre water tanks equipped with an automatic pressure pump that controls water pressure to the different units.