Multi -unit property with potential commercial applications.
The main house has been converted into three 2-bedroom units, each with lounge kitchen and bathroom. One of the units has an extra en-suite as well.
Outbuilding is 3 bachelor units, with bathroom and kitchenette.
Staff quarters could be upgraded to another rental unit.
Half-built unit could be completed for another rental.
Roadside garage has until recently been used as a retail outlet.
The potential ROI is far more than than an acceptable 8 to 10%.
Rentals achieved have been R5500 for the two-bed units and R3500 for the bachelor units.
There are significant repairs to be done to two of the units, but there are currently two tenants already on the property.
There is a residential option, but the main house would need significant conversion costs back to a standard house. I think this is more suited to generate multiple rental incomes.
While the erf is large at 1558m, about 35% of it is on a steep incline. The rest is perfectly level and offers ample parking even for large vehicles.
This one can spin gold! If you're into making money, come see the potential.
Outbuilding is 3 bachelor units, with bathroom and kitchenette.
Staff quarters could be upgraded to another rental unit.
Half-built unit could be completed for another rental.
Roadside garage has until recently been used as a retail outlet.
The potential ROI is far more than than an acceptable 8 to 10%.
Rentals achieved have been R5500 for the two-bed units and R3500 for the bachelor units.
There are significant repairs to be done to two of the units, but there are currently two tenants already on the property.
There is a residential option, but the main house would need significant conversion costs back to a standard house. I think this is more suited to generate multiple rental incomes.
While the erf is large at 1558m, about 35% of it is on a steep incline. The rest is perfectly level and offers ample parking even for large vehicles.
This one can spin gold! If you're into making money, come see the potential.
Monthly Rates
R1,824.92
Features
Interior
Exterior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
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