3 Bed House in Bezuidenhout Valley

Close to the iconic Yukon property along North road in Bezuidenhout Valley, this 3 bedroomed home with multiple cottages and outbuildings offers the far-sighted owner many different options

Features: 2 bedrooms downstairs and an attic bedroom upstairs, full bathroom with bidet and Jacuzzi, upstairs bathroom. wooden staircase, lounge with fireplace, well-equipped kitchen, huge enclosed front veranda with balcony that can be used as an entertainment area, wooden doors and frames, bay windows, tiled floors, security gates, burglar proofing, front garden, pool, single garage, single carport, uncovered parking for 3 extra cars, 2 toolsheds, back up generator connection, 4 linked cottages above the house & one stand alone cottage, large bar/entertainment area/ TV lounge within a prefabricated room (incomplete) to the left of the main house, panoramic views

The property has potential for student accommodation at subsidized rates for students via the tertiary education facilities nearby, Air B & B, Uber Eats, events venue, and other business opportunities

Currently, the house and cottages collectively net a monthly income of around R20 000

At the asking price of R1.8 million, this gives the investor a yield of 13%

This can easily be increased as the property has so much potential

BEZUIDENHOUT VALLEY

Bezuidenhout Valley is about 5 km east of City Hall, south of Observatory Ridge and north of Kensington Ridge. Bezuidenhout Valley takes its name from the farm purchased in September 1861 from the widow of BP Viljoen, by Frederick Jacobus Bezuidenhout.

Bezuidenhout Valley is situated on part of an old Witwatersrand farm called Doornfontein. Parts of the farm were sold from 1902 and the Bezuidenhout Valley stands from 1906. In March 1949, Willem Bezuidenhout sold the remaining land of 133ha to the Johannesburg City Council for use as a park and to be called Bezuidenhout Park.