8 Bed House in Newlands

Prime Investment Opportunity: Multi - Tenanted Property in Newlands

Investment Opportunity: Multi-Tenanted Property in Newlands

This exceptional multi-tenanted property offers a prime investment opportunity in the heart of Newlands, conveniently located near Menlyn Mall, Menlyn Maine, and Times Square. Boasting eight spacious rooms, each with en-suite bathrooms, the property generates an impressive R40,000 per month in rental income, with each room renting for R5,000.

Perfectly designed for a commune setup, this property offers comfortable living for tenants, enhanced by a swimming pool, a borehole, ample parking space, and a double garage for added convenience.

For investors looking for more than just rental income, the property also holds immense potential as a guest house or AirBnB. An application for re-zoning has already been submitted, paving the way for the property to be transformed into a guest house, allowing you to tap into the growing demand for short-term stays in this bustling area.

Whether youre a seasoned investor or looking to enter the property market, this unique opportunity combines steady rental income with future growth potential. Dont miss out on owning this prime real estate in a sought-after location.