Discover the perfect investment opportunity with this well-situated commune, already generating a steady rental income of approximately R10,000 per month, thanks to its longstanding and reliable tenants. This property provides an excellent foundation for a lucrative venture, offering a functional layout that includes three bedrooms and three bathrooms, ensuring ample space and convenience for all residents.
The communal living areas consist of a comfortable lounge, a dedicated dining room, and a practical kitchen area, catering to the everyday needs of the tenants. While the property has proven its value over time, it does require some tender loving care to unlock its full potential, presenting an ideal chance for an investor with a vision to enhance its appeal and maximize returns.
Situated in a desirable location with strong rental demand, this property is a rare find for those seeking a rewarding investment with immediate income and room for growth.
The majority of the Witbank property for sale landscape is dominated by traditional “freehold” or full title properties, which make up some 87% of the composition according to recent Lightstone property reports. The remainder of the market is made up of residential Witbank estates (around 8%), and sectional title units (townhouses, flats and apartments) comprising around 5%.
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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.
