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R1,650,000
R1,650,000
Monthly Bond Repayment R17,596.09
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Monthly Rates
R300
R300
Investment Opportunity in Mandalay, Mitchells Plain
Discover this lucrative investment opportunity in Mandalay, Mitchells Plain! This spacious property offers a three-bedroom main house with additional rental units, perfect for generating income.
Main House: Three bedrooms including an en-suite master bedroom with built-in cupboards.
Kitchen: Fully fitted with an extractor fan, oven, and stove.
Living Areas: Lounge, dinette, and TV room with down lights and blinds.
Bathrooms: Family bathroom tiled throughout.
Parking: Garage with ample space for multiple cars.
Security: Burglar bars, security gates, and fully enclosed for peace of mind.
Fibre Ready - wifi installation
Rental Units: Five separate entrances:
Two units with two bedrooms each, featuring showers and toilets.
Three units with one bedroom each, also with showers and toilets.
Automated Gate: Remote-controlled for convenience.
Borehole System: Ensuring reliable water supply.
Rental Income: Currently generating R15,000 per month.
Convenience: Close to schools, shopping malls, and public transport.
Don’t miss out on this excellent investment opportunity! Contact us today to arrange a viewing and secure your future income.
Features
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Garages
1
Carports / Parkings
4
Security
Yes
Flatlet
5
Sizes
Floor Size
90m²
Land Size
579m²
Extras
Burglar Bars • 24 Hour Response • Alarm System • Carport • Electric Garage • Electric Gate • FibreMandalay, Mitchells Plain
Resting on the edge of the mesmerizing False Bay coastline, Mitchells Plain is approximately 32km away from the Cape Town City Centre. The area is home to a population who stem from diverse backgrounds. Property prices in the western parts of Mitchells Plain are higher than the eastern side which has more affordable properties on offer for buyers.
Sub-areas in Mitchell's Plain include; Beacon Valley, Eastridge,...
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Disclaimer: While every effort will be made to ensure that the information contained within the RealNet Properties website is accurate and up to date, RealNet Properties 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.
