Edenburg, Sandton, Gauteng ID 1280679
House
16.0
18
4460m2
Prime investor opportunity in the heart of Edenburg Sandton. 4460m2 land which can be re-developed for New sectional Title units or 8 Cluster Home (permission to be arranged by buyer at town-counsel). Currently the property has 2 houses with lettable rooms / shared bathrooms and separate chalets with bathrooms. - House 1 (5 letted rooms, 3 bathrooms, one main communal kitchen). - House double storey 2 (Ground floor 4 lettable rooms with own bathrooms/kitchens and entrances, 1st Floor inside house 3 bedrooms with 2 shared bathrooms with communal kitchen) - Chalets (Entrance 2 has 2 chalets with own bathroom/kitchen letted: Entrance 1 has 5 chalets with own bathrooms/kitchens; 2 other chalets unfinished own bathroom and kitchen). - Communal Swimmiing pool. - Tennis court (needs renovation). - bore hole (needs to be redone). The property has long standing trees as a former farm property, good sunshine throughout the day in all units, very safe for all tenants, jogging roads surrounding. Rivonia village is 5min walk. Gautrain bus stop 3min walk. Rivonia Library 5min walk. Rivonia Catholic Church 10/15min walk away. This is a really good investment long term. It can be restored to save money on electricity (install solar) - no current generator. Bore hole can completed to save on water costs. With a good renovation this property's value can increase dramatically whereby you don't need to build something new. it has tenants, has always had tenants, and will always attract tenants. Easy manageable property and no additional security needed. 18 letted rooms/chalets = =R70 000pm. It is an urgent sale, don't miss this opportunity to own a very big stand in an area filled with small sectional title units. The vision is to own as big land as possible in an area where developements rise. You can take your own time when to build or not to build. My recommendation is fully restored renovation.
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