Duplex For Sale in Bellville

ref# 686
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Asking Price : R 599 000 (38 152 EUR*)

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Deposit (R) Repayment period (years) Interest rate (%)

Monthly repayment:
Province:Western Cape City:Bellville Suburb:Oakglen Bedrooms:2 Bathrooms:1 Garages:1 Floor Size: ± 100m2 Levies:R 2329 p/m

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  • Menno van Mechelen, estate agent

    Agent : Menno van Mechelen

    [ c ] +27 (0)82 465 1057
    [ t ] +27 (0)21 910 3300
    menno@webafrica.org.za
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BARGAIN FOR RENOVATOR/INVESTOR

Any reasonable offers mid R400000's to mid R600000's might be considered.

PLEASE READ CAREFULLY & DON'T CALL IF RENOVATIONS ARE'NT YOUR THING!

1st, THE BAD NEWS:
Not suitable to just move in and "be happy", as this property needs to be, re-tiled, painted, bathroom fittings need replacement, light fittings need replacement, bedroom as well as kitchen cupboards need replacement and generally the whole apartment needs to be internally redone. Basically in a terrible condition & needs to be taken to just a shell & can then be renewed.

Now for THE GOOD NEWS:
82sqm with own lock up garage, situated in popular WILGERPARK security complex with a high rental demand. Basically for if this was neat & tidy, it would cost you at least R800000 to buy or build. This duplex would make a great project for the "brave at heart".

  • Have a look at the income potential:
  • Conservative rental income: R7000
  • Levy: R2329
  • Rates: +-R250
  • Nett monthly income: R4421
  • Nett yearly income: R53052
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  • YOU DO THE MATHS. REASONABLE OFFERS CONSIDERED.