R 5 095 000 | 10 bed property for sale in maitland

Essential Investment - Ideal for development - Exclusive listing | Asking R5 095 000 | Bond and Finance Assistance Available* Welcome to your next investment venture at the prime intersection of Spencer Street and Coronation Road. This expansive property boasts a generous ERF size of 1054 sqm, providing ample space for both residential and potential income-generating ventures. For the discerning homeowner-investor, this property offers a multitude of possibilities. Currently featuring 8 spacious bedrooms, 2 fully equipped kitchens, ample toilets, and a large double garage which can effortlessly be transformed into additional living spaces, this property is primed for customisation to suit your needs. Beyond its existing layout, the property includes a sizable yard of approximately 370 sqm, presenting an opportunity for further development or rental income. Whether you choose to develop the yard into additional residential units or maintain it as a lucrative rental space, the potential for profit is substantial. This property also boasts 3 Large modern container homes that is under renovation to further increase the rental yield and possibilities Moreover, the property's GR4 zoning opens the door to future development endeavours, allowing for a total bulk amount of 1581 sqm of rent-able space. This means that not only does this property offer immediate income opportunities, but it also holds promising prospects for long-term growth and expansion. Unlock the full potential of this investment gem and reap the rewards of strategic property ownership. Don't miss out on this exceptional opportunity to secure your financial future. Contact us today to explore this unparalleled investment prospect or to schedule a private viewing. Current Rental = /- TBC (new rental increases) *All Lease Agreements on hand for this property* Rates: TBC Parking: 8 Size: 1054 Zoning: GR4 **"Elevate your property purchase or sale by unlocking more value through our exclusive Shared Value Brokering Program, 'Elevate.' Buyers and sellers can benefit from up to a 75% discount* on professional fees associated with a sale, as well as preferential rates on a variety of other property-related services connected to the transaction."** *Contact the agent to arrange a viewing of this property and you could be calling this property your Investment!