Excellent Investment Opportunity or Family Home. For Sale

  • $1 590 000
  • 4 beds
  • 3 baths
  • 250 sqft

22 College Drive, Somerset East

House plus 2-bed roomed flat within walking distance of Gill Junior School and Gill

College

Main dwelling

4 bedrooms, plus a study

Separate dining room and lounge – Jetmaster fireplace in lounge

Kitchen with a center island and under/counter stove and ceramic hob

(kitchen also has a functioning modern wood stove (slow combustion)

3 bathrooms, including a main en suite *

2 geysers: a 150-liter electric geyser, and a 150-liter solar geyser with electric      back-up and temperature monitor

Double garage X 2 (space for 4 vehicles) with doors on remote

Adjoining the garage are 2 separate toilets and a washroom

The house has plaster walls, repainted in 2017

Roof is corrugated iron

5000-liter rainwater tank in garden

Outdoor braai

Property is fully enclosed: part walls, part fence – gate into property is on remote control

* Details of bathrooms:

main en suite is shower, basin and toilet

2nd bathroom is combination bath/shower, basin and toilet

3rd bathroom is shower, basin and toilet

Flat

2 bedrooms plus bathroom (combination bath/shower, toilet, basin)

1 off-street parking bay

Flat is situated on top of garage

 

Municipal Rates for Property: R637 per month

 

Erf size: 1640 m2

Floor size of house: about 250 m2

Floor size of flat: about 62m2

 

Rentals

The house is being rented out for R8,640 per month with an 8% annual increase

The lease expires at the end of November this year

The tenant is willing to extend the lease for a further 3 years

 

The flat is being rented out for R4,082 per month with an annual 8% annual increase

The lease is on a month-to-month basis at present

 

Both rentals include water. Electricity as per meter is charged to tenant monthly

 

Electricity is on account: there are separate meters for the house and the flat.

Price:
$1 590 000
Address:
22 College street
Somerset-East, Eastern Cape 5850
Square Feet:
250
Lot Size:
1640
Bedrooms:
4
Bathrooms:
3
Terms:
For Sale
Property Type:
Home
Const. Type:
brick and mortar

Additional Features

Flat 2 bedrooms plus bathroom (combination bath/shower, toilet, basin) 1 off-street parking bay Flat is situated on top of garage

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