R 439 000 | 5 bed property for sale in blackheath industrial

INVESTMENT OPPORTUNITY! 2-BEDROOM HOME PLUS 3 STUDIO APARTMENTS Reduced to R439,000 | Exclusive Mandate | Tatum Properties 43 Awash Road, Wimbledon Estate, Blackheath (Happy Valley) COULD YOUR RENTAL INCOME HELP PAY YOUR BOND? Developers, investors and first-time buyers — don't miss this opportunity to acquire a property with the potential to generate multiple rental-income streams! Situated on a well-positioned corner plot, this property offers a two-bedroom main house plus three separate studio apartments. With the right renovations and improvements, it presents an exciting opportunity to create an income-generating investment at an affordable entry price. PROPERTY FEATURES THE MAIN HOUSE - 2 bedrooms - Lounge - Kitchen - Bathroom THREE SEPARATE STUDIO APARTMENTS - Each studio has its own shower and toilet facilities - Separate prepaid electricity meters - Potential to generate rental income independently of the main house ADDITIONAL FEATURES - Well-positioned corner plot - Existing long-standing tenants - Conveniently located on a taxi route - Close to Blackheath Industrial Area - Easy access to Zevenwacht Shopping Mall, Belhar Airport Mall and surrounding amenities - Convenient access to the surrounding Cape Town and Stellenbosch routes LET THE RENTAL INCOME WORK FOR YOU! Imagine owning your own home while receiving rental income from three separate studio apartments! Based on an estimated rental of R2,500 per studio per month, the potential rental income could be: - Studio 1: R2,500 per month - Studio 2: R2,500 per month - Studio 3: R2,500 per month Potential total studio rental income: R7,500 per month! At the reduced asking price of R439,000, an illustrative 20-year home loan at an interest rate of 10.75% would have an estimated monthly repayment of approximately R4,457. This means that, at the estimated rental figures, the income from just two studios could cover the illustrative monthly bond repayment, leaving the third studio as a potential additional income stream. You would also have the two-bedroom main house for your own occupation or potential rental, subject to its condition and applicable requirements. * Rental income and bond repayments are estimates for illustration purposes only, not guaranteed. Actual rentals depend on market demand and the condition and suitability of the units. Bond approval and interest rates are subject to the bank's assessment. Calculations exclude renovation costs, rates, insurance, maintenance, vacancies and other expenses. A VALUE-ADDING OPPORTUNITY The property requires renovation and TLC, making it particularly attractive to buyers who can improve the existing accommodation and unlock its rental potential. Whether you are a first-time buyer looking to reduce your housing costs, a developer seeking a value-adding project, or an investor looking to build a rental portfolio, this property deserves your attention. REDUCED ASKING PRICE: R439,000 Cash offers will be favourably considered. Properties offering a main house and three separate studio units at this price point are worth investigating. Arrange a viewing and explore the possibilities for yourself! CONTACT GODFREY ABRAHAMS Tatum Properties Call or WhatsApp: 083 596 9993 Website: https://www.tatumproperties.co.za Tatum Properties — Building relationships, not just selling properties.