Property features

R21 950 000

Property Details

Situated in the heart of Newlands, one of the most esteemed neighborhood's, this property presents an extraordinary investment opportunity seamlessly integrating residential and commercial spaces. Boasting an array of units, including four x 1-bedroom studio apartments, two x 1-bedroom apartments, two x 2-bedroom apartments, and domestic quarters, the property offers a total of eight units. Each unit is equipped with independent water and electricity meters, solar geysers, intercom, microwaves, fridges, and beds. For added convenience, tenants also enjoy access to an industrial washing machine and tumble dryer, available for prepaid use. Beyond its residential offerings, the property features strategically positioned commercial spaces, including a supermarket complete with its own toilet and storage room, alongside takeaways and a cell phone repair shop. These amenities cater not only to the residents but also draw clientele from the broader community, significantly enhancing the property's value and appeal. This combination of residential comfort and commercial potential makes this property an exceptionally lucrative opportunity within the dynamic Newlands market. Investors looking to capitalize on luxury living and prime commercial prospects will find this offering particularly compelling. Tenant’s enjoy separate access, ensuring both convenience and privacy. In summary, this property represents an unparalleled blend of upscale residential living and promising commercial prospects, making it an ideal choice for discerning investors aiming to maximize their returns in this highly sought-after location. Contact us today to schedule your viewing and discover the possibilities this property holds for you.