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Welcome to this exceptional 1.5434-hectare investment property, a rare opportunity to own a versatile and highly profitable asset.
This property features six fully renovated units, each designed for comfortable, independent living, and offers substantial potential for further income generation.
Current Rental Income: R 31 500-00
Each unit is equipped with a prepaid electricity meter for easy utility management, and the property benefits from a reliable borehole water supply.
Renovated Units:
Units 1 & 3 - 2 Bedrooms, Lounge, Kitchen, Bathroom, Double Carport, Garden, Private Entrance.
Unit 2 - 1 Bedroom, Lounge, Kitchen, Bathroom, Double Carport, Garden, Private Entrance.
Units 4, 5 & 6 - 3 Bedrooms, Lounge, Kitchen, Bathroom, Double Carport, Garden, Private Entrance.
The property includes a spacious 5-bedroom main house and a 4-bedroom second house, both requiring renovation, but brimming with opportunity.
The main house can be converted into three additional units, while the second house has the potential to yield two or three more units, significantly boosting rental income.
Conveniently located near schools, shopping centres, and essential amenities, this property is highly appealing to tenants and investors alike.
With its blend of ready-to-rent units and extensive expansion opportunities, this property is a remarkable find for growing your investment portfolio or launching a new venture.