R6,499,000
R6,499,000
6
Bedrooms
12
Bathrooms
17
Parkings
Mare Human
Candidate Property Practitioner - Sales
Clifford Human
Property Practitioner
Monthly Levy
R0.01
Special Levy
R0.01
Monthly Rates
R8,250
Total
R8,250.02
Excellent Return on Investment - Quality Guesthouse with 3 Office Blocks is for sale in Westdene
Web Ref.
RLS960192
Multiple quality offices plus a guesthouse with income potential of over R100,000/month - ALL ON ONE PROPERTY - is for sale in the perfect location in Bloemfontein.
Rental income from the offices currently generates +-R 46,000/m. There are also 2 additional sets of offices with potential rentals of R16,000 and R18,000/m that are not presently occupied (potential office income can equate to R80,000/m).
Then there is still the fully established guesthouse with a potential income of a minimum of R30,000/pm (not currently being promoted). A total income of R110,000/m is easily obtainable if the property is utilized to its full potential. Call today to view!
Rental income from the offices currently generates +-R 46,000/m. There are also 2 additional sets of offices with potential rentals of R16,000 and R18,000/m that are not presently occupied (potential office income can equate to R80,000/m).
Then there is still the fully established guesthouse with a potential income of a minimum of R30,000/pm (not currently being promoted). A total income of R110,000/m is easily obtainable if the property is utilized to its full potential. Call today to view!
Features
Interior
Exterior
Sizes
Westdene, Bloemfontein
According to Gijsbertus Hoogendoorn's, research paper: Critical perspectives on the (re)development of Westdene, Bloemfontein, during the South African War (1899-1902), the town council of Bloemfontein contemplated plans to develop new neighbourhoods, as residential accommodation was in short supply.So, in October 1901, the council decided to develop what was then known as the "Western Extensions", later to be known as Westdene. Westdene was initially developed for lower income residents. It is furthermore speculated that the types of lots in Westdene were developed as an alternative to the agricultural plots which were being established around Bloemfontein from 1903 onward. As a whole, Westdene, during the first decade of the...
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Total Amount Repayable
R0,00
Monthly Repayment
R0,00
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