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R1,175,000

46 Francis Street

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Investment Opportunity: Multi-Unit Property with Expansion Potential!

Location: At the foot of Bosberg

Overview: This versatile property offers an excellent investment opportunity with its current setup of three flats and a standalone two-bedroom cottage. Each flat and the cottage have their own private entrance, ensuring tenant privacy and convenience. There is also potential to add a fourth flat, further increasing the property’s value and income potential.

Key Features: • Current layout: 3 flats and 1 standalone two-bedroom cottage with built-in cupboards and an open-plan kitchen
• Expansion potential: Opportunity to add a fourth flat, with the potential for further expansion
• Parking: Ample parking space available behind a secure, closed gate
• Outdoor space: Large rear garden
• Location benefits: At the foot of Bosberg, with easy access to local amenities.

Investment Highlights: • Stable rental income: The existing rental units, including the cottage, provide a steady income stream with room for increased revenue through expansion.
• Growth potential.

This property is perfect for investors looking for a reliable income source with substantial growth and expansion potential.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,811m²
 
  • 1
 

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Disclaimer: While every effort will be made to ensure that the information contained within the Meridian Realty website is accurate and up to date, Meridian 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.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

16,352.35

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