Property for Sale - PP 1176
Mount Edgecombe, Durban Metropolis, Kwazulu Natal

Property Description : Secure, well established, well maintained & managed sought after Complex. Sold as one fully tenanted.
8 Fully Furnished Maisonettes (on one lease)
2 Fully Furnished Duplexes (on one lease)
Excellent monthly rental income, allocated & visitors parking bays, Duplexes include garage.

No Transfer Duty payable
Selling Price inclusive of Vat, and all furnishings

Rental information
Current Lease for 2010 year in place
which lease has been renewed annually since commencing in 2008
Rental Income = R9480.00 (incl. vat) per Maisonette per month
Rental Income = R16 251.00 (incl. vat) per Duplex per month
Total: R108 345.00 per month

Levy per Maisonette per month = R593.00
Levy per Duplex per month = R1 320.00
(Rates still on evaluation roll with municipality.
Approx R500 for Maisonette; R800 for Duplex per month)

Viewing of interior of units by appointment only.

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