Property features

POA
7 Bedrooms
4.0 Bathrooms
4 Living Room/s
Garage for 1 car/s
Outside Parking for 8 car/s
Rates R1638 pm
Pet Friendly
Dining Room
Security Estate

Property Details

Full Circle Properties is thrilled to present this exceptional investment opportunity, offered for sale by way of public auction. Ideally positioned in the heart of Greenfields, a well-established residential rental hub where demand for quality accommodation remains consistently strong. The property consists of a main three-bedroom house together with three separate, well-appointed flatlets. The flatlets include 2 x one-bedroom units and 1 X two-bedroom unit. All four units on the property are currently tenanted, generating a lucrative combined rental income of R21,750 per month, making this an attractive proposition for investors seeking an established income-producing property. The seller has gone to considerable lengths to create a property designed for maximum rental return and ease of management. Each unit has its own pre-paid electricity meter, allowing for straightforward utility management. Each of the units offer fitted kitchens, built-in cupboards in the bedrooms and good security features. The property is fully walled with a sliding gate and features ample paved areas which provides ample secure off-street parking for residents. The layout also offers excellent flexibility for an owner-occupier: live comfortably in the main three-bedroom home while generating a passive rental income from the three additional flatlets. Location further strengthens the investment appeal. Greenfields is a sought-after residential accommodation area, conveniently positioned for people working at the nearby East London Industrial Development Zone (IDZ), Mercedes-Benz manufacturing facility, East London Airport and surrounding commercial and retail centres. Shops, public transport and essential amenities are all within easy reach. Adding further appeal is the property's potential for future development, subject to the necessary municipal approvals, giving investors the opportunity to unlock additional value over time. Whether you are looking to expand your rental portfolio, secure a property with established income, live on-site while earning additional rental income, or acquire an asset with future development potential, this property deserves serious consideration. A proven rental income. Multiple income-producing units. Excellent location. Future potential. An

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Sean Newland-Nell

Full Circle Properties

0748005667

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[email protected]

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Annie Le-Keur

Full Circle Properties

0774545854

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[email protected]

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Full Circle Properties

0435550618

[email protected]

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