CAPE TOWN- Just Property, real estate company provides a sum-up of two profitable investment properties in South Africa and what they each have to offer.
Shandrani - In the power capital of South Africa
According to Just Property, Shandrani is the fastest growing town in South Africa. The largest processor of rental payments for the property management industry, Payprop surveyed Shandrani to be the highest paid rental town in South Africa. For example, rentals cost, R1,395,000 all costs included with free-standing units consisting of 4 bedrooms as well as 4 bathrooms.
The lease agreement is R15 000 per month. Each estate is covered with 24-hour security. No levies are required for 12 months. Just Property reports that there is a 20% return for the last 6 years of previous clients and the Return on Investment (ROI) stands at 11.6%.
The Greater Johannesburg
The Greater Johannesburg estate similarly comes with 24-hour security and has a private school within the estate.
The property is priced at R749,102 all cost included. Free-standing units comprise of 3 bedrooms and 2 bathrooms. Monthly rental is R8 000 per month with no request for levies, rates and taxes for the first 12 months with a Return on Investment (ROI) at 12.8%.