R 2 725 000 | 20.0 bed property for sale in reservoir hills

Immediate Investment Opportunity! Impressive Fully-Equipped 3-Storer Face Brick House for Sale at road level. An unmissable chance to acquire an exceptional property has arrived, priced attractively at R3,500,000. This three-storey masterpiece is enhanced with elegant porcelain tiles, adding a touch of luxury to every corner. The house features a range of modern amenities including Trellidor doors & windows, three-phase electricity, power skirtings, window blinds, full air conditioning, and even an external generator. Fully alarmed to take over. Boasting approximately 20 rooms, 2 bathrooms with toilets in addition to two separate toilets, this spacious house accommodates various purposes seamlessly. The 25 square-meter sun deck balcony treats you to breathtaking views of the Palmiet River. As a fantastic incentive for investors, this property currently yields a monthly rental income of R50,000. Positioned strategically on a cul-de-sac and conveniently located just 1 km walking distance to UKZN Westville campus, the property is a prime candidate for student accommodation. Falls within the University collection and drop off route. Rooms are equipped with shelving and fitted desks, making conversion into student housing a lucrative possibility. The property's irregular shape spans 4,124m², and it falls under the Special Residential 900 zoning in the Inner West Region of eThekwini Municipality. This site area allows for two more dwellings. The floor areas are thoughtfully distributed as follows: * Basement: 88.770 square meters * Ground floor:109.547 square meters * First floor: 109.547 square meters * Total Floor Area: 307.864 square meters The property's site area measures 4, 124 square meters, and it is fully serviced with sewer and stormwater facilities. Mark your calendar for this incredible investment opportunity! The property will be available starting from October lst, 2023. Act now, as this outstanding property won't remain available for long.