This investment property generates a monthly income of R29,000 and offers exceptional potential for further development - Inside, the main house is divided into seven rental rooms, including a main bedroom with an en-suite bathroom and a separate shared bathroom for the other tenants. Outside, there are 14 additional rental rooms, contributing to the property's substantial income. The house is currently undergoing rezoning to Residential 3. Under Residential 3 , it will allow the buyer to develop up to 11 two-bedroom, two-story units. This is an excellent opportunity for investors seeking a property with strong existing returns and the potential for significant growth through development. The property is situated close to schools, shopping centers, and public transport, ensuring high tenant demand.
Purchase Price R 2 100 000
Monthly Rates1800
Type of PropertyHouse
Pets AllowedYes
Land Size19 m2
Last Updated23 Apr 2025
Bedrooms7
Bathrooms2
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