R 1 990 000 | 4 bed property for sale in greenside

Inviting offers from R1,990,000 Nestled along the border of Parkhurst and Greenside, this North-east facing property is a beacon of investment potential, offering a canvas for a strategic investor or a family seeking a home with abundant accommodation. Boasting two separate driveways, providing parking for at least 8 vehicles, and strategically situated on a corner, this residence is a haven for those envisioning multiple rental income streams. The main house, adorned with high ceilings and wood strip flooring, features 4 bedrooms, a study, two bathrooms, a lounge, dining room, and kitchen. Unlocking the full potential, the main bedroom and study can be seamlessly transformed into an independent cottage with its own entrance, offering versatility to cater to various living arrangements. External accommodations include a one-bedroom cottage with a private bathroom, living room, and kitchen, accompanied by a charming private garden. Additionally, a single staff accommodation provides convenience and flexibility. This property, a fusion of urban convenience and serene living, is surrounded by mature trees and boasts a paved stand, ensuring low maintenance for the discerning owner. The allure of a swimming pool, cocooned by shrubs and palm trees, adds a touch of luxury and tranquility to the outdoor space. While the house whispers tales of its age, presenting an opportunity for refurbishment, its structural integrity and prime location near the Pirates Club and the vibrant commercial nodes of Parkhurst and Greenside make it an investment gem waiting to be polished. Seize the chance to breathe new life into this character-filled home, unlocking its hidden potential in the heart of a thriving community. Further enhancing its investment appeal, this property currently generates a robust rental income of R19,600 per month. The main house commands R14,300, while the cottage contributes an additional R5,300 to the total. With tenants currently on month-to-month leases, offering flexibility for renewal, and both units equipped with prepaid electricity meters, managing utility costs becomes straightforward. This reliable income stream presents a golden opportunity for investors to step into a lucrative market with minimal disruption and maximum returns. Special Exclusions: •Aircon in cottage •CCTV cameras in cottage