Property features

R 10 850 000
3 Bedrooms
2.0 Bathrooms
0 Living Room/s
Garage for car/s
Outside Parking for 2 car/s
Rates R1963 pm
No Pets

Property Details

An investment opportunity offering existing residential accommodation, rental income and potential for future development.
Situated in Newcastle, this property occupies a generous 3,695 m² erf and currently comprises five residential units. The property has stated zoning/building rights for 12 houses, with five houses currently built, presenting an opportunity for investors to explore further residential development, subject to verification of the approved rights and applicable municipal requirements.
Property Features:
Erf size: 3,695 m²
Five existing residential units
Three bedrooms per unit
Two bathrooms per unit
One parking space per unit
Stated zoning/building rights for 12 houses
Approximately R53,000 in monthly rental income

This property may appeal to investors seeking an established residential rental investment with potential for future expansion.
Interested buyers are invited to enquire for further information and to arrange a viewing.

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Samukelisiwe Sibeko

Okandivi Properties

0603500824

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[email protected]

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Okandivi Properties

082 496 4312

[email protected]

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