R 1 999 999
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11 Bed House in Blairgowrie

11 6 1 1 000 m² 450 m²

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

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