Suggested Opening Bid: R1 200 000
Exclusive Auction Mandate!
An excellent opportunity for property investors looking to expand their portfolio with an income-generating property. This property offers multiple living spaces with rental income from several areas, making it an attractive investment opportunity.
The main house features 3 bedrooms, 2 bathrooms, a kitchen, entrance hall, lounge, family room and dining room. One of the bedrooms is currently rented out for R2,500 per month.
Additional accommodation includes a basement converted into a one-bedroom unit with a bathroom, generating R4,000 per month, as well as a granny cottage with one bedroom and one bathroom, generating R3,500 per month. A separate one-roomed house provides an additional rental income of R2,200 per month.
The property also offers burglar bars, a carport, a garden, an entertainment area and a built-in braai. The basement has been converted for accommodation, and an office has been converted into residential space, with an outside toilet attached to the building.
Rental Income Breakdown:
Main house bedroom: R2,500 per month
Basement unit: R4,000 per month
Granny cottage: R3,500 per month
One-roomed house: R2,200 per month
Total Potential Rental Income: R12,200 per month
Whether you are looking to grow your investment portfolio or secure a property with multiple rental opportunities, this property is worth considering.
Contact us today for more information or to arrange a viewing!
All offers are encouraged. Submit an offer to stop the auction - loan or cash. Easy process to register to bid at auction. Auction via Online Bidding on our Website. Viewings can be arranged.
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The seller has a Non-Disclosed Reserve Price
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