Property description
This spacious four-bedroom house, currently utilized as student accommodation, presents an exceptional investment opportunity. Featuring four bedrooms, three bathrooms, and a communal lounge and kitchen, it caters to the needs of student residents and is zoned for a bed and breakfast. The property also offers four office spaces and two self-contained offices, accommodating businesses and professionals. With ample parking space for around 6 to 8 cars, this multifaceted property generates a consistent monthly income of 35k plus, making it lucrative. Also a developers dream, you could build about 9 apartments.
The property is situated in prime Essenwood and has a steady flow of rental income from the student accommodation, additional income from office rentals, and ample parking space. Two flatlets outside suitable for a beauty therapist.
Contact me for an exclusive viewing.
- Study
- Flatlet
- Store Room
- Patio
- Sectional Title
- Pets Allowed
- Laundry
- Flooring: Wood
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Agents
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
