Investment Property with 6 Income-Generating Cottages in Primrose
Price: R1 650 000
This exceptional investment opportunity in Primrose offers immediate rental income and strong potential for future growth. The property consists of a 3-bedroom main house plus 6 well-established rental cottages, making it ideal for investors seeking consistent monthly cash flow.
The cottages are currently generating an impressive rental income of approximately R27 100 per month, with the added advantage that the main house is vacant, giving the new owner the option to rent it out or further partition it to maximize returns.
There is also additional space available on the property, providing the opportunity to build two more cottages and increase income even further.
Property Features:
-3-Bedroom main house
-6 Income-generating cottages
-Current rental income: ± R27 100 per month (cottages only)
-Main house currently vacant
-Large stand with development potential
-Excellent investment opportunity
-Strong cash flow potential
-Space to build additional cottages
Why Invest in This Property?
This property is perfect for:
-Property investors
-Buyers looking for passive income
-Developers wanting to expand rental units
-First-time investors entering the rental market
With rental demand remaining strong in the area, this property offers immediate returns and long-term growth potential.
Contact Mulanga Mulovhedzi today to arrange a viewing and secure this high-yield investment opportunity.