NEW
Web Ref RL28788
R2,582,000
Monthly Bond Repayment R26,213.21
Calculated over 20 years at 10.75% with no deposit.
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Monthly Rates
R2,176.55
R2,176.55
EXCEPTIONAL INVESTMENT OPPORTUNITY – MULTI-UNIT PROPERTY WITH DEVELOPMENT POTENTIAL
EXCEPTIONAL INVESTMENT OPPORTUNITY – MULTI-UNIT PROPERTY WITH DEVELOPMENT POTENTIAL
An excellent investment opportunity offering multiple income-generating residential units, additional land and exciting future development potential in a sought-after area.
**The property consists of:**
- 2 Luxury 3-Bedroom Townhouses, each offering double amenities, a double garage and a spacious kitchen with a separate scullery.
- Prepaid water and electricity meters for convenient utility management.
- 1 Additional House featuring a swimming pool and a borehole ;currently without a pump.
- A Large Vacant Stand situated behind the townhouses, offering excellent potential for further development.
- The current plan is to have 30 storage units built at the back
- Additional improvements include a single garage, storeroom and carports.
DEVELOPMENT POTENTIAL
An exciting opportunity for investors: Building plans are already available for the development of 30 storage units on the vacant stand, creating the potential for an additional rental income stream
CURRENT RENTAL INCOME of around R20000 per month
*Please note: The current rental income excludes the vacant stand, which is presently generating no income.
WHY INVEST IN THIS PROPERTY?
- Multiple residential rental opportunities.
- Existing monthly rental income.
- Additional land for future development.
- Plans available for 30 storage units.
- Potential to significantly increase rental returns.
- Excellent location and long-term investment potential.
-A rare opportunity to secure an income\-producing property with substantial room for expansion and future growth. Ideal for the astute investor looking to maximise rental income and unlock additional value through development!
Contact your listing agent today to schedule an appointment!
An excellent investment opportunity offering multiple income-generating residential units, additional land and exciting future development potential in a sought-after area.
**The property consists of:**
- 2 Luxury 3-Bedroom Townhouses, each offering double amenities, a double garage and a spacious kitchen with a separate scullery.
- Prepaid water and electricity meters for convenient utility management.
- 1 Additional House featuring a swimming pool and a borehole ;currently without a pump.
- A Large Vacant Stand situated behind the townhouses, offering excellent potential for further development.
- The current plan is to have 30 storage units built at the back
- Additional improvements include a single garage, storeroom and carports.
DEVELOPMENT POTENTIAL
An exciting opportunity for investors: Building plans are already available for the development of 30 storage units on the vacant stand, creating the potential for an additional rental income stream
CURRENT RENTAL INCOME of around R20000 per month
*Please note: The current rental income excludes the vacant stand, which is presently generating no income.
WHY INVEST IN THIS PROPERTY?
- Multiple residential rental opportunities.
- Existing monthly rental income.
- Additional land for future development.
- Plans available for 30 storage units.
- Potential to significantly increase rental returns.
- Excellent location and long-term investment potential.
-A rare opportunity to secure an income\-producing property with substantial room for expansion and future growth. Ideal for the astute investor looking to maximise rental income and unlock additional value through development!
Contact your listing agent today to schedule an appointment!
Features
Pets Allowed
Yes
Interior
Bedrooms
6
Bathrooms
4
Kitchen
2
Reception Rooms
4
Furnished
No
Exterior
Garages
2
Security
No
Parkings
4
Domestic Accomm.
1
Pool
Yes
Sizes
Land Size
2,009m²
