Rietfontein - MR410998

House in Rietfontein, Pretoria - Moot, Gauteng

R 3,009,000

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17
8
1200m2
Rietfontein - MR410998
House in Rietfontein, Pretoria - Moot, Gauteng
R 3,009,000
17 Bedroom House for Sale For Sale in Rietfontein - MR410998
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Key Features

Rooms

  • 17 Bedrooms
  • 8 Bathrooms

Services

  • Levy R2500

More Features

  • Property Type - House
  • Seller Type - Private Property
  • Erf Size - 1200m2
  • Price per square erf meter - R2,508 per m2

MyRoof Stats

  • 27 Views
PID=410998 DID=435496 SID=1

Imagine a well-balanced-scale.On the left side you have a risk-free fixed investment with an eight percent cap rate..On the right side you have a double-digit cap rate investment with growth potential.Which one of these would you choose? This Property in Rietfontein, Pretoria offers you exactly this double-digit opportunityWith a vacancy rate of less than 1 percent  over the last few years you can be assured of a handsome annual return on your investment.It has 17 rooms each with prepaid electricity, 2 en-suite bathrooms, 6 bathrooms and 2 fitted communal kitchens. Communal areas have Tshwane electricity.Solar geysers (2x 300 lt) provides  ample warm water at a fraction of the normal cost.Ample open parking is available. Mortgage financing from major banks may probably available at a 60 percent loan to value ratio, so why use your own equity when you can leverage someone else's money? Close to all major routes leading to the CBD.All the necessary amenities like schools, hospitals, parks and shopping centres are


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