Download the 10 year forecast Download the Financial Analysis
THIS HAS TO BE THE BARGAIN OF THE YEAR!
So, here's the deal:
SOMERSET CORNER
That's a discount of R75 000!
Total rent ( R8820 x 3) = R26 460
Total Levies (R1669 x 3) = R5007
Total Rates (R885 x 3) = R2655
Monthly nett after levies & rates = R18 798
Buy the 3 and you have a ROI (Nett!!) of 8,85%
This will be snapped up soon!
Call me today!
Each apartment has 2 bedrooms, en suite, with the bathroom having a shower, basin and toilet in it.
All the bedrooms are big enough for a bed and work station and have sufficient built in cupboards.
The living area is open plan and in the kitchen area there is an oven, hob and washing machine. There is a single sink and plenty of cupboard space. The floors are tiled.
When constructed, provision was made for Wi-fi and that is obviously still available to residents. However, since construction the building has been connected to Rhodes University’s student connection, Resnet.
As far as security is concerned, the perimeter of the complex has an electric fence which is monitored by the local armed response company. In addition to that, there electric gates for entrance and exit and a guard is on duty between 18.00 and 06.00 every day i.e. overnight.
Each unit has off-street parking for one motor vehicle, however residents who don't have a vehicle can make their parking bay available to another resident if they wish.
These apartments don't come on the market that often – the last sale was in 2017 – which tells you that this block is a popular investment destination and having acquired one of them, buyers don't easily let go.
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