Location, sustainability, and immediate cash flow come together in this exceptional multi-income property package. Positioned just two blocks from Steve Biko Academic Hospital, this property is perfectly primed to tap into the high rental demand from medical students, doctors, and healthcare staff.
Financial & Income Breakdown:
Total Potential Income: R8,000/month from flatlets alone + additional high-value rental potential for the main house.
Flatlet 1 (Bachelor): Generates R3,500/month (currently occupied by a reliable tenant).
Flatlet 2 (1-Bed): Projected R4,500/month (currently vacant, ready for you to place a tenant).
Main House: Can be rented as a family home or converted into a student/medical commune to maximize rental yield.
The Main Residence Layout:
Bedrooms & Bathrooms: 3 spacious bedrooms and 2 bathrooms.
Living Spaces: Large living room/lounge plus a separate dining room featuring a cozy fireplace.
Kitchen: Functional setup with a gas stove and dedicated space/plumbing for both a washing machine and a dishwasher.
Entertainment: Private patio area ideal for outdoor relaxation.
Green Energy & Load-Shedding Protection:
Premium Investment: R63,000 full solar system installed.
Hardware: Powerful 11kW inverter, 5kW backup battery, and 6 solar panels.
Investor Advantage: In a competitive rental market, offering a load-shedding-free environment drastically reduces vacancy rates and commands premium rental rates.
Key Property Features:
Parking: 3 secure, undercover parking bays.
Utility Management: Individual prepaid electricity meters installed for hassle-free tenant billing.
Location: Prime spot just 2 blocks from Steve Biko Academic Hospital—unbeatable walkability for medical staff and students.
Security & Convenience: Easy access to major transport routes, shops, and central amenities.
Secure your yield before someone else does. Contact us today to arrange a private viewing!