This exceptional investment opportunity features multiple cottages alongside a spacious two-bedroom house, offering a combined attractive rental income and excellent potential for investors aiming to expand their property portfolio. Each unit is equipped with prepaid water and electricity, ensuring efficient utility management.
Cottage A
A bachelor unit comprising a comfortable living space, kitchenette, and shower. This unit currently generates a rental income of R3,800 per month.
Cottage B
A one-bedroom cottage featuring a bedroom, shower, and combined kitchen/living area. It commands a monthly rental income of R4,300.
Cottage C – Ground Floor
This ground-floor unit offers a generously sized open-plan kitchen and living area with a shower. It includes a gas stove and produces a rental income of R5,100 per month.
Cottage D – Upstairs
Located on the first floor, this unit boasts a spacious open-plan kitchen and living area with a shower and gas stove, generating R5,000 in monthly rental income.
Cottage E – Two-Bedroom House with Splash Pool
This larger unit comprises two bedrooms, a bathroom with a separate toilet, and a sizable lounge and dining room. The kitchen is spacious with ample built-in cupboards and a separate scullery. Additionally, there is a lapa and a small splash pool, making it highly appealing to tenants. Rental income is R9,300 per month.
Additional features include six carports, one garage, and a second garage partially converted into Cottage A, which can alternatively be used for storage. There is also an additional storage room adjacent to Cottage D.
Investment Potential
This property presents an excellent opportunity to acquire multiple income-generating units with an established monthly rental income stream. The total current monthly rental income from all units is R27,500, amounting to an impressive R330,000 annually.
This is a fantastic prospect for investors seeking diversified rental income from a single property with strong, consistent returns.