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R2,500,000

GREAT INVESTMENT OPPORTUNITY IN REDHOUSE.

Seven delightful, modern cottages all set on 1476sqm of land. (One still being constructed) bringing in a total income of R21000.00 per month at present although this will increase to approx. R25000.00 once the final cottage has been completed. All of the tenants are long term. Each unit has either 1 or 2 lock up car ports.
In addition there is another approx. 1200sqm of vacant land that can still be developed.

Rates: R1500.00 per month

RENTAL INCOME: R21000.00 per month

Features

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0
Zoning:
Mixed Use
Sizes
Floor Size
1,476m²

Redhouse, Port Elizabeth

The Port Elizabeth branch of SA National Realtors Group (NRG) is based in Richmond Hill and serves Port Elizabeth and surrounding areas.  We are a vibrant and dynamic team of property professionals and offer informed and professional service to both our buyers and sellers. Why we love South Africa : BEST South African Video ! Port Elizabeth is South Africa’s second oldest city and also the...
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Disclaimer: While every effort will be made to ensure that the information contained within the SA National Realtors Group website is accurate and up to date, SA National Realtors Group 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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