Brixton, Johannesburg, Gauteng ID 1249220
0.0
1
471m2
Located at 12 Caroline Street, Brixton, this prime property offers an exceptional investment opportunity for the discerning entrepreneur. With a generous land size of 571 sqm and fully accredited by POSA for student accommodation, this property is already tenanted and generating income. Currently achieving an income potential of R27,000 per month, it comes with one-year rental agreements in place, offering immediate returns on your investment. The asking price is R1,728,000 (negotiable), making this an excellent option for investors seeking passive income in a high-demand rental area. The main house features eight bedrooms, each fitted with built-in cupboards, and two full bathrooms to service the student tenants. A large shared kitchen with ample cupboard space and a scullery adds to the practicality and appeal of the accommodation. Additional features include prepaid electricity, property management by a dedicated caretaker and owner, and all documentation, including a rental and expenditure roll, available for review upon viewing. Fully walled and secure, the property also offers additional land for future development, making it a rare and lucrative find in the Brixton area.
Allegiance Properties
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