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R 5 400 000

10 Bedroom House for Sale in Orchards

11 The Avenue, Orchards, Johannesburg

10
2
6
808 m²
- m²: 808 m²
- Hectares: 0.081 ha
- Acres: 0.2 acres

Contact Agent

John Hayden

Show Contact Number

A unique opportunity to earn a large rental income (realistically R54 000 per month) from this multi-unit property in the heart of Orchards.

There are 7 separate, rentable units on the property, plus the main house which has 3 bedrooms. The units consist of:

• Three custom designed, modern, studio units each with upstairs loft and own bathroom and kitchenette, currently generating R22 900 combined.

• A fourth, larger studio unit, generating R7 000.

• Three custom-designed, compact, “budget” units, generating a combined R7 100. These 3 units share a bathroom and kitchen.

• The main house could easily have the main bedroom altered to be a standalone rental unit earning R6 000, and the rest of the main house (with 2 bedrooms) could earn R11 000.

A good indicator of return on investment for rental properties is the “gross yield”. A good gross yield is 10% p.a. or...

A unique opportunity to earn a large rental income (realistically R54 000 per month) from this multi-unit property in the heart of Orchards.

There are 7 separate, rentable units on the property, plus the main house which has 3 bedrooms. The units consist of:

• Three custom designed, modern, studio units each with upstairs loft and own bathroom and kitchenette, currently generating R22 900 combined.

• A fourth, larger studio unit, generating R7 000.

• Three custom-designed, compact, “budget” units, generating a combined R7 100. These 3 units share a bathroom and kitchen.

• The main house could easily have the main bedroom altered to be a standalone rental unit earning R6 000, and the rest of the main house (with 2 bedrooms) could earn R11 000.

A good indicator of return on investment for rental properties is the “gross yield”. A good gross yield is 10% p.a. or more. At a list price of R5.4m, the gross yield is a very good 12% p.a.

A key financial benefit! Investing in multi-unit rentals in a sectional-title complex incurs costs of levies and rates on each unit. For this property there are no levies and only one COJ account! Major cost saving.

Other features:

• Huge investment in solar energy—hardly requiring any draw from Eskom.

• Most of the units have their own private patios.

• Kitchen in the main house has all the mod cons: fully renovated, Smeg stove (gas + electric); Caesarstone-type tops, etc.

• Main house has very spacious open-plan living areas (lounge, dining, kitchen), with laminate wood flooring throughout.

• “Beach bar” outside relaxation area, with beach sand.

• Parking inside the property for 6 cars.

• Excellent location in the heart of Orchards

• Good security—security gates, electric fence.

• Owner is amenable to including most of the furniture in the deal

Bedrooms: 10

Bathrooms: 2

Parking: 6

Pet Friendly

Furnished

Flatlet

Listing number: P24-113804215, Image number: 1

Listing number: P24-113804215, Image number: 2

Listing number: P24-113804215, Image number: 3

Listing number: P24-113804215, Image number: 4

Listing number: P24-113804215, Image number: 5

Listing number: P24-113804215, Image number: 6

Listing number: P24-113804215, Image number: 7

Listing number: P24-113804215, Image number: 8

Listing number: P24-113804215, Image number: 9

Property Overview

Listing Number

113804215

Type of Property

House

Street Address

11 The Avenue, Orchards

Listing Date

04 January 2024

Erf Size

808 m²

Rates and Taxes

R 1 906

Pets Allowed

Yes

Furnished

Yes

Rooms

Bedrooms

Bathrooms

Kitchens

Reception Rooms

External Features

Parking

Other Features

Flatlet

Yes

Generator

Points of Interest

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