Property features

R 3 200 000
5 Bedrooms
3.0 Bathrooms
0 Living Room/s
Garage for 0 car/s
Outside Parking for 10 car/s
Rates R3000 pm
Pet Friendly

Property Details

Exclusive Mandate - Opportunity knocks, don't miss this exceptional and rare opportunity in the highly sought-after Craighall Park. Perfect for astute developers or those looking to build their dream mansion. Negotiating offers, call now before it's gone!

The property requires TLC or demolition and is not in a move-in condition for one family - current Res 1 Zoning.

Property Highlights:

Stunning elevated stand that allows for breath-taking sunset views
The main house and cottages are currently all rented out
Main house: converted to 5 living spaces, each room with pre-paid electricity, 3 bathrooms in total, communal kitchen in main house (2 rooms have kitchenettes and a bathroom each, (requires TLC)
Additional: 6 self-catering flatlets, each with a bathroom and kitchenette, all have pre-paid electricity (requires TLC)
Current rental income +/- R40,000 (potential rental income when all rooms have tenants, 4 x R3500 each. 7 x R4500 each = R45 500 per month)
Ideal for sub-division, a small cluster development, or the creation of a luxurious dream home

Location Benefits:

Situated on a popular Avenue close to CNR Cafe and SPAR.
Surrounded by beautifully renovated and newly constructed homes
Easy access to amenities, shops, eateries, and schools

Transform this prime position into a contemporary family haven in a coveted suburb and capitalise on its immense potential. Seize this excellent opportunity to infuse value and fashion a unique dream abode.

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Ziel Bergh

Firzt Realty Head Office

0844188807

Whatsapp Me

[email protected]

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Firzt Realty Head Office

0117310300

[email protected]

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