Property Details
This is a once-in-a-lifetime opportunity to secure a prime investment property in the highly sought-after area of Estoire, where significant industrial development is underway. With a land size of 4.28 hectares, this property offers incredible potential for both residential and commercial purposes.
Key Features:
1. Main House
A charming old farmhouse with 3 spacious bedrooms, a large lounge/TV room, kitchen, full bathroom, entrance hall, and a veranda.
75% of the house has been renovated and is currently rented out for R6,500 per month.
Includes covered parking for two cars, pre-paid water and electricity, and a fully fenced yard.
2. Duplex House
Two units:
2-Bedroom Unit: Open-plan kitchen and living room, 2 spacious bedrooms with modern built-in cupboards, and a bathroom with a shower. Features include an alarm system, cameras, and armed response.
3-Bedroom Unit: Larger kitchen with modern amenities, spacious lounge, and 3 bedrooms with built-in cupboards. The bathroom includes a bathtub, shower, basin, and toilet. Outside, enjoy a patio with a built-in braai.
Both units include covered parking, Wi-Fi, and security features.
Rental Income: R7,500 (2-bedroom unit) and R7,800 (3-bedroom unit).
3. Second Farmhouse
Another old farmhouse with 3 bedrooms, 1 bathroom, kitchen, and living room.
Includes an outside flatlet attached to a single garage.
Rental Income: R5,500 per month.
4. Bachelor Unit
A compact living space with a single bedroom, living area, and bathroom.
Rental Income: R3,500 per month.
Investment Potential:
With a total rental income already exceeding R31,000 per month, this property is a lucrative investment. The demand for rental units in the area far outstrips supply, making it a high-yield opportunity.
Whether you’re looking to expand your portfolio, develop further, or secure a property with consistent income, this is the chance to make it happen.
?? Contact us today to arrange a viewing. Don’t miss out on this incredible opportunity!