Verified Listing
Posted on April 11, 2018 / 25
Price : R12,000,000
Listing Type : Property Portfolio
Location : Gauteng
Ref. No: : 2432
Net Profit : N/A

Here is an opportunity to purchase a property portfolio consisting of 3 lodges in an upmarket suburb of Sandton. These lodges are fully let on individual long term leases, and have been zoned accordingly. An overview of each lodge is as follows:

Lodge A:
Number of Units: 10
Monthly Income from Rental: R31 530.00
Monthly Utilities: R8 124.00
Monthly Expenses: R11 239.00
Monthly Operating Profit: R28 415.00
Zoning: Lodge

Lodge B:
Number of Units: 14
Monthly Income from Rental: R61 432.00
Monthly Utilities: R11 379.00
Monthly Expenses: R16 884.00
Monthly Operating Profit: R55 927.00
Zoning: Lodge 

Lodge C:
Number of Units: 12
Monthly Income from Rental: R46 350.00
Monthly Utilities: R10 936.00
Monthly Expenses: R15 266.00
Monthly Operating Profit: R42 020.00
Zoning: Lodge

Asking Price: R 12 000 000.00 for all three (owner is negotiable)

Steve Van Rensburg – Roodepoort