R 2 950 000 | house property for sale in parkmore

Property Description

Discover a property designed to maximize rental income and cater to dual-purpose functionality. This building offers excellent versatility, making it ideal for fitness entrepreneurs and student accommodation investors. Features of the Property: ?? Front Section Welcoming reception area and office 2 gym studios for fitness and wellness businesses Functional kitchen, bathroom, and water closet for studio convenience Parking space for up to 8 vehicles Rates: R3,100 ?? Rear Section – Student Accommodation 7 spacious rooms, perfectly suited for long-term student rentals with an average lease of 3 years Shared amenities, including kitchen, living, and dining areas 3 bathrooms, 3 water closets, and 2 separate access gates to distinguish gym studio users from student tenants Alternative Investment Option: Convert the two gym studios into four extra student rooms, boosting rental income This property is not just an investment, it's a strategic asset for investors looking to grow and diversify their portfolios.


Property Details

Purchase Price R 2 950 000

Type of PropertyHouse

Monthly Rates3100

Land Size991 m2

Last Updated02 May 2025

Rooms

Kitchen1

Bathrooms3

Reception Rooms

Lounges1

Dining Room1

General Features

SecurityYes

Property Location

Similar Property in nearby suburbs

Agent

Sewela Molewa

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