R 3 195 000
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4 Bed House in Essenwood

4 3 10 1 061 m²

This spacious four-bedroom house, currently utilized as student accommodation, presents an exceptional investment opportunity. Featuring four bedrooms, three bathrooms, and a communal lounge and kitchen, it caters to the needs of student residents. Additionally, the property offers four office spaces and two self-contained offices, accommodating businesses and professionals. With ample parking space for around 10 cars and two road frontages, this multifaceted property generates a consistent monthly income of 35k plus, making it a lucrative and versatile asset.

This property''s prime location and versatile layout make it an attractive investment option. With a steady flow of rental income from the student accommodation, additional income from office rentals, and ample parking space, it offers a diverse revenue stream. Its strategic positioning and profitability potential make it a compelling investment for those seeking a stable and income-generating property.

Property details

  • Listing number T4403679
  • Property type House
  • Listing date 3 Nov 2023
  • Land size 1 061 m²
  • Rates and taxes R 3 000

Property features

  • Bedrooms 4
  • Bathrooms 3
  • En-suite 3
  • Lounges 1
  • Dining areas 1
  • Garage parking 2
  • Open parking 8
  • Access gate
  • Alarm
  • Balcony
  • Laundry
  • Scenic view
  • Sea view
  • Staff quarters
  • Storage
  • Garden
  • Intercom
  • Guest toilet

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