EXCLUSIVE MLS MANDATE
Investors looking for a property with an established rental arrangement and further development potential should take a closer look at this multi-tenanted property in Sinoville, ideally situated along Zambesi Drive.
Currently generating a rental income of R18,000 per month through its room-by-room rental arrangement, the property offers an opportunity for buyers interested in the rental market. The existing layout caters to multiple occupants, with communal living areas and a shared kitchen providing practical facilities for everyday use.
The main house offers five bedrooms and four bathrooms, creating a versatile arrangement for multi-tenant accommodation. Communal living space allows tenants to enjoy a shared area, while the communal kitchen serves their daily needs. An outside toilet adds further practicality.
Additional features include a borehole, fibre connectivity and a double garage with a separate storeroom. The garage and storeroom present an exciting possibility for further development, as approved plans are available to convert this space into a flat. Approved building plans for future extensions are also included, giving a prospective buyer the opportunity to explore the property's expansion potential, subject to the relevant approvals and requirements.
Set on a 991 m² stand in the established suburb of Sinoville, this property offers a combination of existing rental income, useful amenities and scope to investigate future improvements.
Please note that consent for multi-tenant use is still in the process of being obtained. Prospective buyers should verify the status of the consent, approved plans and any applicable requirements before proceeding.
This is an EXCLUSIVE MLS MANDATE, and all viewings are strictly by appointment.
If you are looking for an investment property with an existing rental arrangement and additional potential to explore, contact our property specialist today to arrange a viewing.