Calling all investors and business-minded purchasers! This unique property offers an excellent income-generating opportunity in a highly convenient location on Market Street, with the property registered at the municipality as commercial property with established business rights.
Currently utilised as a room-rental property, the home has been configured to maximise rental potential, making it an attractive option for an investor looking for an established income-producing property.
The main residence has been converted into multiple individual rental rooms, with each room equipped with its own prepaid electricity meter, allowing tenants to manage their own electricity consumption.
The property offers communal bathroom facilities, including:
A bathroom with a bath, toilet and basin
A second bathroom with a toilet, basin and separate shower
The garage has also been converted into an open-plan rental space, providing an additional income-generating opportunity.
Adding even more versatility is a separate outside room, offering an open-plan one-bedroom living arrangement with its own bathroom.
With multiple rental opportunities already established, this property is ideally suited to an investor looking for an income-producing asset with the added benefit of commercial rights.
The current tenants have shown interest in renewing their rental agreements with the new owner, should the purchaser wish to continue with the existing rental arrangement, providing the potential for continuity of occupancy and income.
Why This Property?
Registered as a commercial property at the municipality
Established business rights
Multiple rental rooms
Individual prepaid electricity meters
Communal bathroom facilities
Converted garage providing an additional rental opportunity
Separate outside one-bedroom unit with bathroom
Excellent location on Market Street
Existing tenants and potential for lease renewals
Strong income-generating potential
Ideal for investors or business-minded purchasers
Priced at R1,100,000, this property presents an opportunity to acquire an income-generating asset with established commercial rights and multiple rental possibilities.
Investors, don't miss this one!