R 1 699 000
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5 Bed House in Florida

5 3 12 2 162 m² 256 m²

Prime investment opportunity in upper Florida

Seize the chance to own one of the last available stands in Upper Florida, a sprawling 2,200m property designed for maximum income generation. The main house is divided into two tenanted units: Unit 1 offers 3 bedrooms and 2 bathrooms, while Unit 2 features 2 bedrooms and 1 bathroom. Together, these units generate a stable rental income of approximately R16,000 per month, with additional earnings from prepaid electricity and water meters installed in both units. Recent maintenance, including a fresh coat of paint and a fully waterproofed roof, ensures the property remains both appealing and durable.

Adding to its potential, a rezoning application is underway, with approvals expected by the first quarter of 2025. Development plans and renderings are already in place, setting the stage for future growth. This rare investment opportunity offers immediate returns and significant long-term potential. Dont miss your chance to secure this exceptional property. Contact me for your private viewing!

Property details

  • Listing number T4904049
  • Property type House
  • Listing date 18 Dec 2024
  • Land size 2 162 m²
  • Floor size 256 m²
  • Rates and taxes R 1 034

Property features

  • Bedrooms 5
  • Bathrooms 3
  • En-suite 1
  • Lounges 1
  • Dining areas 1
  • Garage parking 1
  • Open parking 10
  • Covered parking 1
  • Pet friendly
  • Access gate
  • Built in cupboards
  • Patio
  • Staff quarters
  • Storage
  • Kitchen
  • Garden
  • Guest toilet

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