Magaliessig, Sandton, Gauteng ID 1314192
House
11.0
11
Discover an exceptional investment opportunity with this versatile property, currently operating as a successful guest house with 11 well-appointed en-suite rooms. With Res 2 approval already secured for the construction of 8 dwellings on this 2000m2 erf, investors can capitalise on the burgeoning demand for residential spaces in this highly sought-after area. Alternatively, with its strategic location and ample amenities, this property is also perfectly poised for conversion into long-term, fully-furnished studio rentals, providing a lucrative revenue stream. In addition to the existing accommodations, the property features a spacious Pilates studio that can be easily transformed into a larger living space, offering further potential for increased returns. Residents and guests alike will enjoy a serene outdoor experience with a well-maintained swimming pool and paved outdoor area, perfect for relaxation and leisure activities. The property also boasts open parking facilities that can accommodate at least 11 vehicles, ensuring convenience and accessibility or which can be converted into more income-generating accommodation. Situated within walking distance to the vibrant Design Quarter Shopping Centre, this property offers unparalleled convenience to the Bryanston and Fourways areas. With easy access to the N1 Western Bypass, commuting to other parts of the city is seamless. Don’t miss out on this unique opportunity to invest in a property with immense potential in a prime location. Contact us today to arrange a viewing and explore the possibilities this exceptional property has to offer.
Knightsbridge Properties
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