R2,195,000
R2,195,000
10 OXFORD STREET
Monthly Bond Repayment R23,031.17
Calculated over 20 years at 11.25% with no deposit.
Change Assumptions
Lucrative Investment Opportunity in Maitland!
Exclusive Mandate | Bond and Finance assistance available*
Discover a prime investment prospect in the vibrant area of Maitland! | Welcoming offers from R 2,195,000
This 8 Bedroom property, situated in a GR4 zoning district, offers an exceptional chance for astute investors seeking consistent income. Each room is under a separate lease agreement, generating a reliable monthly income of approximately R 4,000 - R 5,000 per room. The property’s thoughtful layout ensures tenant privacy and independence, making it highly attractive to Investors. Additional features include three fully equipped kitchens and four bathrooms, which significantly enhance the living experience for residents.
Financials:
Current rental income = R36 500 (+/- 8.1% yield)
Area average capital growth = +/- 6% per annum
Total ROI = +/- 16.6% per annum (gross)
Property Features:
Well-Designed Layout: The property includes private rooms with separate lease agreements, multiple kitchens, and ample bathroom facilities.
Enhanced Living Experience: The provision of three kitchens and four bathrooms ensures that the property meets diverse needs and supports a sense of community among tenants.
GR4 Zoning: Provides flexibility for potential future development and expansion.
Investment Benefits:
Reliable Income: The property’s stable rental income offers a dependable revenue stream.
High Tenant Satisfaction: The thoughtful amenities and layout contribute to tenant comfort and satisfaction, making it an appealing rental choice.
Strategic Location: Positioned in a GR4 zone, the property is ideally located for future growth and development.
This property is an excellent opportunity for those looking to broaden their real estate portfolio. With a strong rental yield and the potential for future value appreciation, it presents a smart investment choice. Whether you're an experienced investor or new to the market, this property promises substantial returns and a secure investment.
Additional Details:
Rates: To Be Confirmed
Lease Agreements: All current agreements are in place.
Don’t miss this chance to enhance your investment portfolio with this outstanding property.
Important!!
"Elevate your property purchase or sale by unlocking more value through our exclusive Shared Value Brokering Program, 'Elevate.'
Buyers and sellers can benefit from up to a 75% discount* on professional fees associated with a sale, as well as preferential rates on a variety of other property-related services connected to the transaction.
Bond Approval and Assistance available*
Take the next step towards realising your investment aspirations. Contact us today to schedule a viewing and explore the possibilities awaiting at this remarkable property.
Features
Pets Allowed
Yes
Interior
Bedrooms
10
Bathrooms
3
Kitchens
3
Reception Rooms
2
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Floor Size
190m²
Land Size
544m²
Maitland, Cape Town
Also known as the Mother City, Cape Town plays host to a multitude of beautiful areas and incredible cultures. Located in the southern point of the peninsula, Cape Town has become one of the most incredible places to visit in the world. From deep rooted cultures to incredible beaches, this is the place perfect for those looking to experience all the aspects that make this place a worldly recognized location.
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Disclaimer: While every effort will be made to ensure that the information contained within the Quay 1 International Realty website is accurate and up to date, Quay 1 International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.