Registered guesthouse for sale in Tasbet Park Ext 2
Registered guesthouse for sale in Tasbet Park Ext 2. This property is zoned for business and all buildings are on plan. The guesthouse is registered and the property is sold 50% furnished with rental contracts amounting to R36,000 per month. The property consists of 6 bachelor flats with en suite bathrooms and kitchenettes, leased out for R3,500 each per month.
The house has been divided up into 6 bedrooms all with their own en suite bathrooms all with their own en suite bathrooms. The rooms are all leased out and brings a rental income of R2,500 per room per month. The tenants in the house share a communal kitchen. There is a laundry on the premises for use by all tenants. This is a very good income-generating property with an extremely good return on investment.
The majority of the Witbank property for sale landscape is dominated by traditional “freehold” or full title properties, which make up some 87% of the composition according to recent Lightstone property reports. The remainder of the market is made up of residential Witbank estates (around 8%), and sectional title units (townhouses, flats and apartments) comprising around 5%.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
