R 6 975 000
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11 Bed House in Northdene

11 2 2 2.8 ha

INVESTOR''S DREAM: MULTIPLE DWELLINGS WITH HIGH RENTAL INCOME

LOCATION: Main arterial road, Malvern/Northdene boundary, with easy freeway access

PROPERTY FEATURES:

- 6 residential units + 1 office space

- Combined rental income: R51,000/month

- Modern finishes, fully fitted

- Amenities:

- Communal pool

- Tranquil garden for pets and children

- Prepaid electricity and water

BREAKDOWN OF UNITS:

1. Office space: R8,000/month

2. 3-bedroom house: R11,000/month

3. Studio apartment (1 bed): R5,000/month

4. 3-bedroom house with double garage: R12,000/month

5. 2 x 2-bedroom units: R7,500/month each

BONUSES:

- 1000sqm vacant site for additional development (infill structure in place)

- Potential for 4 more units

- Water and electrical infrastructure already installed

PRIME LOCATION:

- High demand area

- Easy access to freeways and public transport

- Close proximity to amenities and schools

INVESTMENT OPPORTUNITY:

- Strong rental income

- Potential for capital appreciation

- Development opportunities

Prime property in Prime location. Don''t wait Call now for an exclusive viewing!

Property details

  • Listing number T4867238
  • Property type House
  • Listing date 14 Nov 2024
  • Land size 2.8 ha
  • Rates and taxes R 1 500

Property features

  • Bedrooms 11
  • Bathrooms 2
  • Garage parking 2

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