R 4 900 000
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20 Bed House in Heatherdale AH
20
12
1 ha
1 462 m²
This substantial 10,000 square meter investment property in Heatherdale
Property in Heatherdale offers a lucrative opportunity for savvy investors. The property comprises 12 well-appointed units, generating a significant monthly rental income of R60,000. With ample space to construct additional units, the potential for growth and increased returns is vast.
The property boasts municipal water and a borehole, ensuring a reliable water supply. Modern conveniences like gas stoves and geysers are installed in all units, enhancing the appeal to tenants. Two entrances provide easy access, and existing leases ensure a steady income stream. Surrounded by nearby developments, this property offers a promising investment prospect, poised to deliver a substantial pension income for years to come.
Property details
- Listing number T4685690
- Property type House
- Erf size 1 ha
- Floor size 1 462 m²
- Rates and taxes R 1 800
Property features
- Bedrooms 20
- Bathrooms 12
- Lounges 11
- Dining Areas 1
- Garages 3
- Flatlets
- Pet Friendly
- Laundry
- Patio
- Security Post
- Staff Quarters
- Study