14 Bed House in Reservoir Hills

Luxurious 3 Storey Face brick House with Income Generating Potential

This house can be used as a student accommodation as it is 2 minutes away from the University of KZN (Westville campus). This property is on 4124sqm Land. The total floor area is 307.864 sqm. It has elegant porcelain tiles and modern finishes. It is fully alarmed and has a beautiful view of Palmiet River. A large part of this house is used as offices. There are approximately 20 rooms, 2 bathrooms and 2 separate toilets.

This is an unmissable opportunity to own this profitable property. The house features a range of modern amenities including Trellidor doors & windows, three phase electricity, power skirtings, window blinds, full air-conditioning, an external generator and an alarm system.

There is a 25 sqm sun deck balcony overlooking the beautiful Palmiet River. As a fantastic incentive for investors, this property currently yields a monthly income of R50 000. This house is well situated on a cal- de-sac, and it falls within the University collection and drop off route. Rooms are equipped with shelving and fitted desks, making conversion into student housing a lucrative possibility.

This property falls under the special residential 900 zoning in the Inner West Region of Ethekwini Municipality. This site allows for two more dwellings. The floor area is thoughtfully distributed as follows: Basement: 88.770 SQM, Ground Floor: 109.547and First floor: 109.547 SQM. The whole property is fully serviced with sewer and stormwater facility. It falls under Special Residential 1 zone designated 650.You can build additional 5 units with 12 parking bays at upper level.

Call us urgently as this wont be in the market for long.