16 Bed House in Riversdale

Welcome to this gorgeous piece of land, set on a huge 7576 sqm piece of land, with loads and loads of opportunity, just waiting for the right investor to grab it before it''s gone. Dont miss this priced-to-go opportunity. All building is done in easy-to-maintain face brick. The borehole on the property has a yield of around 3000l of water per hour, with 2 x 5000l backup water tanks, as well an 83sqm meter workshop in the back of the property.

Main house

The main house is fully tiled, with 3 spacious bedrooms, built-in cupboards, and ceiling fans for those hot days. With loads of natural sunlight beaming in from all directions.

A full guest bathroom, with shower, bath, toilet, and basin for your guests, as well a full Ensuite bathroom in the main bedroom, also with a shower, bath, toilet, and basin.

The kitchen is spacious, with loads of cupboard space, tiled floors as well as a gas hob for easy cooking and a breakfast nook. The dining room and lounge are plan designed, offering enough space for everyone to enjoy.

Leading out to the back from the sliding door in the lounge is a very spacious thatch Lapa, built-in braai, just perfect for entraining friends and family.

Additionally, the main home has a 5kw solar system, batteries as well as 9 solar panels to avoid those frustrating load-shedding days. Please note the solar system only feeds the main house, as well as the flatlet attached to the main house.

Double automated extra-large garage as well as undercover parking for two additional vehicles.

Flatlets

There are 6 identical flatlets, each with a double carport and backyard, with their own prepaid meters. As well as another unit attached to the side of the main house.

Each of the flatlets is fully tiled and has 2 spacious bedrooms, built-in cupboards, and a full bathroom with shower, bath, toilet, and basin.

The kitchens are spacious in size, with tiled floors, and ample cupboard space, with an open plan lounge area that leads out to your own back garden.

The Flatlet next to the main house has its own entrance, bedroom, bathroom, spacious kitchen, and a spacious sunny lounge.

But wait, there is more!

With another 2400 sqm open piece of land on the property, there is additional space to build another 6 two-bedroom units for even more return on your investment.

With a potential return on investment of 10.5% based on asking price.

6 x Units @ R6000 each = R36000

1 x Flatlet @ R5000

Main house @R12000

Total income: R53000

Deductions: R5700 (Sewage, W&L, rates, garden service, building insurance)

Please note: At this current time, only cash investors will be considered.

Book your viewing today, before this amazing income-generating property slips away.