This is an excellent opportunity to invest in this ideally located property, which consists of seven units, with a potential rental income of R18,000 per month.
This home is set on 1174sqm of land which is slightly above road level, with discreet undercover parking to one side of the property.
The main home has four bedrooms, two bathrooms, a lounge, dining room and two kitchens and has been sectioned off to accommodate two separate families but could well accommodate one large family. There are basement units as well that have been rented out for additional income.
The granny flat has a spacious open plan lounge, dining room and kitchen, with two bedrooms and family bathroom plus a bachelor flat to the side of the property. There is more land at the back of the property which can be developed.
The property is surprisingly a short drive from shopping centre’s, schools, hospitals and places of worship yet just far enough to be out of the hustle and bustle of the central business district.
This property is fully fenced and gated, with drive in access.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
