The worst investment in Hout Bay is still for sale! We last saw it back in October 2008 and the asking price of R6 000 000 still hasn’t changed. And with the rent locked in at R28 500 for five years (seriously what idiot land lord negotiated that lease agreement), unless you put down over R3.8 million as a deposit, you’ll only be losing a couple hundred thousand a year.
Original Post on Cape Town Property Bubble: Suprise! Worst Investment In Hout Bay Still On The Market
