Presenting an outstanding investment opportunity tailored for developers and savvy investors. This property boasts existing rental income alongside significant expansion potential.
Currently, the site includes two modern 2-bedroom units, both fully tenanted and generating a combined rental income of approximately R14,000 per month. Situated on a generous 1,364 square meters, these units have been designed with contemporary finishes that attract today's discerning renters.
What sets this property apart is the approved rezoning plans for four additional units, offering the chance to greatly enhance rental income and optimize the site's full potential.
Residents can enjoy a communal pool, a valuable amenity that adds to tenant satisfaction and enhances the property's appeal.
If you're seeking a solid investment with excellent growth prospects, this opportunity is not to be missed. Contact me today to schedule your private viewing.
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
