This versatile property presents an excellent investment opportunity, currently generating a rental income of R18,000 per month, with further potential to increase its income through future expansion.
The main house offers five bedrooms and four bathrooms, together with a communal kitchen and spacious communal living area. This layout makes the property particularly well suited to multi-tenant accommodation or an income-generating investment.
A major advantage is the property's expansion potential. The existing double garage and storeroom can be converted into an additional flat, with approved plans for the conversion already available. Approved building plans for the property and future extensions are also included in the sale.
Additional features include an outside toilet, borehole, double garage, storeroom, and fibre connectivity, patio with built-in braai.
Consent for multi-tenant usage is currently in the process of being obtained, adding further potential for the property to be developed into a larger income-generating investment.
With an established rental income, approved plans, additional development potential, and useful existing infrastructure, this property offers an exciting opportunity for investors looking to grow their rental portfolio.
At Matchmaker Realty we welcome you to book an exclusive viewing of this beautiful home. Matchmaker Realty is the Industry leader in Matching Buyers to Homes! We pride ourselves with a full, professional service from the initial viewing to the property handover and beyond with an 'emphasis' on after-sales service. We work with the best Bond Originators who will streamline the process of a bond approval with a high success rate.
We look forward to 'Matching' you to your dream home!