4 Bed House in Essenwood
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 and is zoned for a bed and breakfast. The property also offers four office spaces and two self-contained offices, accommodating businesses and professionals. With ample parking space for around 6 to 8 cars, this multifaceted property generates a consistent monthly income of 35k plus, making it lucrative. Also a developers dream, you could build about 9 apartments.
The property is situated in prime Essenwood and has a steady flow of rental income from the student accommodation, additional income from office rentals, and ample parking space. Two flatlets outside suitable for a beauty therapist.
Contact me for an exclusive viewing.
Property details
- Listing number T4428647
- Property type House
- Erf size 1 061 m²
- Rates and taxes R 6 000
Property features
- Bedrooms 4
- Bathrooms 3
- Lounges 2
- Dining Areas 1
- Covered Parkings 7
- Flatlets
- Pet Friendly
- Balcony
- Laundry
- Patio
- Study
- Kitchen
- Garden