11 Bed House in Blairgowrie
Profitable 5-Bedroom House with 5 Cottages in Blairgowrie
**Property Overview:**
- **Monthly Turnover:** R34,000
- **Main House:** 5 bedrooms, commercial kitchen, prepaid electricity and gas stove.
- **Cottages:** 5 separate units, each with its own kitchen, bathroom, and prepaid electricity.
**Key Features:**
1. **Established Income Stream:** This property has a consistent monthly turnover of R34,000, demonstrating its profitability and stability.
2. **Diverse Tenant Mix:** The main house has operated as a women''s residence, while the cottages host long-standing tenants. All tenants are on month-to-month leases, offering flexibility and potential for rent increases, which haven''t been adjusted for the past two years.
3. **Low Maintenance:** The property is designed for low maintenance, ensuring hassle-free management.
4. **Amenities:** Residents enjoy access to a well-maintained pool and entertainment area.
5. **Transparent Financials:** Detailed financial records are available for review, showcasing the property''s success over the years.
**Investment Potential:**
This property offers an excellent investment opportunity with a proven track record of profitability. The flexibility in tenant agreements and the potential for rent increases provide room for additional revenue growth.
**Reason for Sale:**
The current owner is immigrating, presenting a unique opportunity to take over a highly profitable business.
**Contact Information:**
Interested in viewing this property? Contact Lance to schedule a visit and explore this lucrative investment opportunity.
Invest in a property with a solid income history and significant growth potential. Dont miss out on this chance to acquire a thriving business in Blairgowrie.
Property details
- Listing number T4662459
- Property type House
- Listing date 6 Jun 2024
- Land size 1 000 m²
- Floor size 450 m²
- Rates and taxes R 1 250
Property features
- Bedrooms 11
- Bathrooms 6
- Open parking 1
- Pet friendly
- Pool
- Garden