Great Investment property in Melville

Great Investment Opportunity in Melville

This versatile property offers excellent rental income potential in a sought-after location. Originally a family home, it has been converted into three one-bedroom units plus a granny cottage:

Each one-bedroom unit yields ±R4,000/month

The granny cottage yields ±R5,500/month

That’s a combined rental income of ±R17,500 per month.

While the property requires some TLC, its prime location ensures strong demand from both students and families. It is close to key amenities such as primary schools, Melville Spar, University of Johannesburg, Campus Square, and main transport routes.

General Buying Information

Mandated Sale: Bank instructed to sell property on behalf of the owner.

Transfer Duty: Payable by purchaser.

Rates & Taxes: All arrears will be settled by the Seller until date of registration.

Voetstoots: Property sold "as is."

Vacant Occupation: Not guaranteed by the Bank.

Viewings: Where guarded, appointments must be arranged with the security company.

Financing
If you require a bond, you may apply at any bank. Simply submit the signed Offer to Purchase with your application documents.
T 25 09 13 04 31 35 - 689143