R 4 900 000 | house property for sale in maitland

* Sole Mandate * This lovely property is located on the corner of Spencer Street and Coronation Road and offers an ERF size of 1054 sqm. This property offers a savvy investor the ability to invest in a versatile site with an income producing residential rental component along with an open yard component which provides the perfect opportunity to unlock huge potential. The site currently has 8 full bedrooms along with 2 kitchens ample toilets a large double garage (easily converted into rooms) a large yard of - 370 sqm. This yard can be developed into residential spaces or simply rented out in its current form to a tenant. There is also a substantial front garden area which could be used as secure off street parking for tenants with quick alterations. The site as a whole also offers great development possibilities down the line with the zoning of GR4 thus allowing a total bulk amount of 1581 sqm of rentable space. Overall this property offers a versatile investment with a number of ways to unlock value and thus achieve great returns. Contact me to discuss this great opportunity or to view.