Olive Gardens - Secure residential estate
Olive Gardens is an existing development that is now renovated and put on the market for buyers to own a very affordable unit in a very popular area in Centurion, namely Olievenhoutbosch.
The units are fully fitted with floor tiles, kitchen units, built in cupboards in the bathroom and a solar geyser
Development amenities:
- Parking
- Security estate
- All units are 2 bedroom - Various floor sizes available
The prices include all legal fees
Show unit available
*All transfer fees included*
The development is an excellent investment opportunity-all the units have got existing tenants with good payment records
The return on capital are as follows:
Ground floor
- Rental R4800pm
- Purchase price R519000
- Return 11-07%. Return after levies and Rates 7-9%
1st Floor
- Rental R4800
- Purchase price R499000
- Return 11-5%. Return after levies and rates 8-2%
Investors can continue with the current tenants if they wish. There is a company that handles the rent collection etc if investors wish to continue with them
