Situated in the affluent in demand suburb of Kyalami AH known for its equestrian facilities, riding schools, stables, bridle paths and enthusiasts.
Around the corner from the Kyalami Golf Course Country club and 4km away from Kyalami Corner Shopping Center.
Current Rentals
Office & Garage - R15,000 Lease agreement in place
Cottage - R9,800 Lease agreement in place
Villa - R5,500 Lease agreement in place
Stables 1 - R4,600 Lease agreement in place
Stables 2 (Furnished) - R5,200 Lease agreement in place
Flatlet - R5,200 Lease agreement in place
Main House - R30,000 Owner Occupied Market rental is R27 000 to R35 000
Total Rental R75,300 per a month
Full tenanted with lease agreements in place and all tenants have been good payers and are long standing therefore some of the rental income values are under market value as the owner preferred good on time payers rather than maximum rental. This is one area that income can be increased in addition to Air BNB units which could significantly increase the rental income by over 100% depending on how much involvement the new owner would like.
The Business property consists of the following:
Private residence which consists of a Kitchen , 4 x Bedrooms, 2 x Lounges, Pantry, Office space, gyming room, 3 x Bathrooms, Dinning room and Braai entertainment area with swimming pool
Modern Flatlet - 1 bedroom apparment with lounge and own garden
1 x Stable unit which comprises of complete unit 1 bedroom unit
2 x Studio apartments with own gardens - was built for Air BnB during covid owner decided to let it fix term
1 x Cottage - 2 bedroom, lounge, fireplace and private garden
Office Space - rented to business
3 x Tiled Garage with car pit and shelfing
1 x Storage Shed
Massive Land size of 12 000m2, the complete land is very well kept with a full electric fence and paved drive way
Borehole
Generator
2 x Bosch Solar geysers
Rates and taxes are low at R2 490 there is no Sewage charges etc as the property has 3 x septic tanks which cost R950 twice a year to drain resulting in a massive savings.
Wifi cost is covered by tenants and there is a over recovery of cost
Units don’t stand vacant for over 2 weeks at a time as the area is in high demand. There has been no vacant unit in the last 5 years.
Its a safe area with security guard hut situated opposite the property, in addition to the full electric fence which is fully owned and not share with the neighbors.
Management of the property is breeze as the property has proper isolated distribution boards with both prepaid meters and water meters for each unit
Face brick property so no annual painting required also the property has a fully paved drive way area and not tarred to reduce maintenance.
Purchaser should be able to arrange easy finance with Bank as the asset value is over the asking price and bank valuation.
