18 Bed House in East Lynne

The property was converted and extended as a residential complex, located in Tshwane. Initially an existing house, it has been innovatively transformed and expanded to accommodate 18 bachelor flats. This investment opportunity is ideal for buyers seeking rental income in a strategically positioned area with amenities and security features.

Property Details

1.Price: R2 900,000

2.Location: Tshwane, South Africa

3.Property Type: Residential Complex

4.Units:

oExisting Structure: 8 rooms, each with separate external access

oNew Build: 10 additional units

Features of Each Unit

Type: Bachelor Flats

Security:

oWooden front door

oSecurity gate

oBurglar bars on windows

Interior:

oKitchen:

Open-plan design

Tiled floors

Ceiling light

Built-in cupboard

Single sink

oBedroom:

Tiled floors

Ceiling light

oBathroom:

Tiled floors

Shower

Toilet

Single basin

Utilities and Rates

Tshwane Rates and Taxes: R1,587 per month

Electricity: Approximately R2,600 per month

Water: Approximately R2,445 per month

Security Features

Access to the property is secured with an automated gate, ensuring controlled entry and exit.

Location Advantage: Being in Tshwane, the property benefits from proximity to essential amenities, public transportation, schools, shopping centers, and business hubs.

Rental Potential: Each unit can be rented out to single professionals or students, making it an attractive option for a steady rental income.

Security: Enhanced security measures such as automated gates, security gates, and burglar bars will appeal to safety-conscious tenants.

Affordability: The pricing of R3,000,000 is competitive for the Tshwane market, especially considering the number of units and the security features included.

Investment Potential

Rental Income: With 18 bachelor flats, each potentially rented at competitive market rates, the property promises significant rental returns.

Occupancy Rate: Given the strategic location and the high demand for secure, affordable housing in Tshwane, the occupancy rate is expected to be high.

1.Target Audience: Single professionals, students, and investors looking for rental income properties.

This property in Tshwane represents investment opportunity with its 18 bachelor flats, high-security features, and potential for significant rental income.

Contact me today to view!