LARGE PROPERTY WITH NUMEROUS SMALL DWELLINGS AND COTTAGES IN ESCOMBE, QUEENSBURGH

Address
58 Phillips Road, Escombe, Queensburgh   View map
Phone
0128042978

PRICE: Offers from R2 500 000 will be considered.

Status

Unlimited tickets

0 Has Sold

Event Details

PRICE: Offers from R2 500 000 will be considered.

PROPERTY ADDRESS: 58 Phillips Road, Escombe, Queensburgh

SUBJECT PROPERTY: Portion 10 of Stand 1413 Queensburgh

EXTENT: 2Ha

LOCATION: From the Main Road/Saint Augustine Road intersection in Queensburgh, take Saint Augustine Road and follow in a northerly direction for 750m. Turn right in Haslam Street and follow for 600m. Turn right in Philips Road and follow for 1,1km to the property.

CO-ORDINATES: S29.868492 E30.909360

ZONING: Special Residential 1. A sectional title register was approved and opened (on units 1,2,3, & 4) but not registered yet.

IMPROVEMENTS:
The property is improved with numerous small dwellings and cottages and consists of the following:
House 1:
Lounge, Kitchen, 3x Bedrooms, 2x Bathrooms & Carport.
House 2:
Lounge, Kitchen, 3x Bedrooms, 2x Bathrooms & Single garage.
House 3:
Lounge, Kitchen, 3x Bedrooms, 2x Bathrooms, Carport & 1-Bedroom cottage.
House 4 (Rondawel: open plan).
Lounge, Kitchenette, Bedroom & Bathroom.
House 5:
Lounge, Kitchen, 2x Bedrooms, Bathroom & Carport.
House 6 (wooden house):
Lounge, Kitchen, 2x Bedrooms, Bathroom, 1-Bedroom cottage & 2x Carports.
House 7 (wooden house):
Lounge, Kitchen, 2x Bedrooms, Bathroom, 1-Bedroom cottage & 2x Carports.
House 8:
Lounge, Kitchen, 1x Bedroom, Bathroom & Carport.
House 9:
Lounge, Kitchen, 1x Bedroom, Bathroom & Carport.
House 10:
Lounge, Kitchen, 1x Bedroom, Bathroom & Carport.

RENTAL INCOME
House 1: R4 500.00
House 2: R5 060.00
House 3: R4 500.00
House 4: R3 000.00
House 5: R4 100.00
House 6: R3 960.00
House 7: R3 500.00
House 8: R2 500.00
House 9: R2 500.00
House 10: R2 500.00
Total: R36 120.00 per month.

CURRENT USAGES: Fully tenanted.

CONDITIONS: 10% Deposit plus 6,9% commission. 21 Days confirmation period.

INSTRUCTOR: Mr J van den Berg

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