6 Bed House in Newton Park

INCOME GENERATOR SITUATED IN A PRIME LOCATION

Ideally situated close to all major amenities, in a sought-after location, this property consists of 5 private Units, 4 x 1 Bedroom, plus one x 2 Bedroom, including an open plan living room & kitchenette, plus a Bathroom in each Unit..

All the Units are tenanted with leases in place, generating an income of approximately R27,000 per month.

The Property is zoned Residential 3, A large portion of the Land is vacant. Plans are already professionally designed for construction of another 7 Units on this Erf. The Site Development Plan is approved.

Each Unit has a prepaid Electric Meter.

There are 2 x 5000l Water Tanks feeding the Units.

Off-street parking is available with remote access.

The building is fully enclosed.

Please feel free to contact me for any further information or to arrange a visit to the Property.