- 6
- 5
- 236 m2
- 1 739 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Property description
Prime Investment Opportunity with Income Generation
This prime property, located in a highly sought-after area close to all major amenities, offers an excellent income-generating opportunity. The property consists of five private units: four one-bedroom units and one two-bedroom unit. Each unit features an open-plan living room with a kitchenette and a bathroom.
Currently, all units are tenanted with leases in place, generating a combined income of approximately R27,000 per month. The property is zoned Residential 3, with a large portion of the land still vacant. Professionally designed plans for the construction of an additional seven units on the erf are already in place, with the Site Development Plan approved.
Each unit is equipped with a prepaid electricity meter for tenant convenience. The property also benefits from two 5000-liter water tanks that supply the units.
Residents enjoy off-street parking with remote access, and the building is fully enclosed for added security. This property is an ideal investment in a prime location, offering both current income and future development potential.
Contact Helen to arrange an appointment to view.
Property Details
- 6 Bedrooms
- 5 Bathrooms
- 5 Ensuite
- 5 Lounges
- 1 Flatlet
Property Features
- Fence
- Access Gate
- Kitchen
- Paving
| Bedrooms | 6 |
| Bathrooms | 5 |
| Floor Area | 236 m2 |
| Erf Size | 1 739 m2 |
