2 & 4 RIETFONTEIN ROAD PRIMROSE

WEB REF: 17768 2 & 4 RIETFONTEIN ROAD PRIMROSE


VIEWING By Appointment
DETAILS

SOLE MANDATE

FULLY LET IN A PRIME LOCATION OF PRIMROSE

A GOOD BUY COMES TO THE MARKET
Close to Highways, Schools & Shopping Centres

Stand 661 and 662 Primrose 

2 Rietfontein 961m2
4 Rietfontein 808m2
 
Buildings consists of the following:      

20 x 2 room flats with
Seperate kitchen 
Seperate bathroom
Separate entrance hall
 
1x bachelor flat
1 x 3 room flat
21 x single garages used  as rental rooms.
2 x Retail shops

Income and Expenses.
 
20 x 2600 rent = R 52 000
1 x 3 bedroom = R  3 000
12 X Garages = R 12 000
Shop 1            = R  3 800
Shop 2            = R  5 000
Total Income       R75 800pm
 
Expenses
Rates etc             R 4 600
Salaries Caretaker    R 4 000 pm 
cleaner               R 2 500 pm
Cleaning materials   R 1 000pm
Total                R12 100pm
Nett R63 700pm
 
* WATER AND ELECTRICITY CHARGES SEPERATE.
* DUE FOR RENTAL INCREASE- 
All units are occupied

CONTACT Stephen
082 577 9737
stephen@pvaproperty.co.za
BANKING DETAILS ABSA
Account No: 0101 5220 577
Branch Code: 633405
Nedbank
Account No: 1286 0028 69
Branch Code: 128605
FNB
Account No: 5041 1185 834
Branch Code: 254005
Standard Bank
Account No: 200 547 674
Branch Code: 006305