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Flat  
For Sale

29 Hill Street

29 Hill Street
Central
3 500 000
4
3
Land Size:
516m2
Building Size:
m2

FOR IMMEDIATE RELEASE

Price Reduction Alert: 29 Hill Street, Grahamstown Now Offers Unbeatable Investment Opportunity

Grahamstown, 6 September 2023 – In a strategic move to enhance its investment appeal, 29 Hill Street in Grahamstown is excited to announce a significant price reduction of R1 million, effective immediately. This prime property is now more accessible to investors seeking exceptional returns in the real estate market.

With this price adjustment, the property now boasts an impressive return on investment (ROI) of 13.16%, making it a highly lucrative opportunity for both seasoned and aspiring investors. This attractive ROI showcases the property's potential for substantial financial growth.

Key Investment Highlights:

  1. Return on Investment: A remarkable 13.16% ROI, providing investors with a solid income stream and potential for capital appreciation.
  2. Gross Annual Rental: The property generates an impressive gross annual rental income of R501,312, ensuring a steady cash flow for investors.
  3. Pay-Back Period: The reduced price means that investors can expect a quicker pay-back period, now at just 56 months, making it an efficient and appealing investment option.
  4. Asking Price to Gross Rent Ratio: The property now offers a highly competitive asking price to gross rent ratio of 6.98, indicating exceptional value for investors.
  5. Vacancy Rate: With a vacancy rate of just 7.73%, investors can enjoy peace of mind knowing that the property is consistently in demand and delivering a reliable income.

Please note that while these figures represent a compelling investment opportunity, all prospective investors are encouraged to conduct thorough due diligence and seek professional financial advice before making any investment decisions.

29 Hill Street, Grahamstown is a prestigious property situated in a prime location, offering tremendous potential for long-term financial growth. This price reduction underscores our commitment to providing investors with exceptional value and opportunities for success in the real estate market.

Don't miss out on this incredible chance to maximize your investment portfolio.

 

 

For inquiries, property viewings, or more information, please contact:

Steve Birt, 083 656 8810 or steve@grahamstownproperties.co.za

 

About 29 Hill Street, Grahamstown: This property is on the western side of Church Square, in the heart of the CBD, and very close to the Post Office. There is a great deal of pedestrian traffic passing which keeps the tenants busy. For more information please see the information sheet on our website, www.grahamstownproperties.co.za

 

Disclaimer: This press release is for informational purposes only and does not constitute an offer or solicitation to buy or sell any investment. All investment decisions should be made after careful consideration and consultation with a qualified financial advisor. The property's performance and ROI may vary, and past performance is not indicative of future results. Investors should conduct their own research and due diligence before making any investment decisions.

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