Property features

R2 200 000
Rates R2000 pm

Property Details

Investment Opportunity for Sale in Geelhoutpark Welcome to this prime business-zoned property located in Geelhoutpark, now available for sale. This property offers a lucrative investment opportunity with versatile potential, ideal for those looking to establish a rental property or lodge. Key Features: Location: Geelhoutpark Property Type: Business Zoned Main House: • Bedrooms: 3 spacious bedrooms • Bathrooms: 3 modern bathrooms (1 common, 2 en-suite) Additional Units: • Bachelor Flatlets: 6 self-contained bachelor flatlets, each with its own bathroom Design: Open plan layout for efficient use of space Rental Income Potential: • Income: Potential rental income of R20,750 when fully occupied Utilities: • Water Supply: Borehole connected for cost-effective water management Parking: • Space: Ample parking space under the carport for over 10 vehicles Yard: • Size: 959 square meters • Features: Partially paved for convenience and ease of maintenance • Zoning: Versatile zoning allows for various business endeavors, including the possibility of operating as a lodging facility This property presents a rare opportunity for investors looking to capitalize on the thriving real estate market in Geelhoutpark. With its strategic location, ample amenities, and potential for high rental yields, it’s an investment worth considering. The property’s business zoning provides the flexibility to explore different business models, whether it's running a rental property or a lodging facility. Main House: The main house features three spacious bedrooms and three modern bathrooms, two of which are en-suite. This setup ensures comfort and privacy for residents or guests. Bachelor Flatlets: The six self-contained bachelor flatlets are perfect for generating rental income. Each flatlet includes its own bathroom, offering convenience and privacy to tenants. The open-plan design maximizes space efficiency, making these units attractive to potential renters. Parking and Yard:The property includes ample parking space under a large carport, accommodating over 10 vehicles. The 959 square meter yard is partially paved, providing a neat and functional outdoor area. The borehole-connected water supply ensures cost-effective water management, reducing operational costs. This property is strategically positioned to take advantage of the growing demand for rental units and lodging facilities in Geelhoutpark. Don’t miss out on this chance to secure your foothold in one of the most promising areas for real estate development. Contact us today for more information or to schedule a viewing.