An opportunity for investors looking for multiple rental income streams from one property!
Set on a generous 925m² stand in Bloubosrand, this versatile property offers a four-bedroom main house plus five additional rental cottages, making it an attractive option for investors seeking an established, income-producing asset.
This property's multiple rental income streams offer the potential to generate a substantial monthly return while providing opportunities for further income growth.
Property Features
-Four-bedroom main house, currently configured for room-by-room rental
-Five additional income-generating cottages
-Separate prepaid electricity and water meters servicing the cottages and main house
-Dedicated laundry room
-Generous 925m² stand
-Established rental accommodation with existing tenants
-Rental Income and Investment Potential
The property currently has R28,110 per month in contracted rental income, representing approximately R337,320 annually. An additional room is currently vacant, with an estimated rental potential of R3,000 per month. Potential rental income when fully occupied: R31,110 per month or R373,320 annually.
At the asking price of R2,200,000, this represents an attractive potential gross rental yield of approximately 16.97% per annum, before operating expenses, vacancies and other ownership costs.
Convenient Location: Bloubosrand is conveniently situated near Fourways, Douglasdale and North Riding, offering access to shopping centres, schools, employment opportunities and major transport routes.
Nearby amenities include Fourways Mall, Fourways Crossing, Northgate Shopping Centre, local schools and convenient access to Witkoppen Road and William Nicol Drive (R511).
An Investment Worth Exploring
Whether you're looking to expand your existing property portfolio or secure your first multi-unit rental investment, this property offers a rare combination of established rental income, multiple accommodation units and further income potential.
Contact me today to arrange a private viewing and discover the investment possibilities this property has to offer.
Rental figures are based on the current information supplied and are subject to verification. Gross rental yields are calculated before expenses.