- 15
- 12
- 806 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 890.00
Property description
- This income property is a remarkable opportunity for investors! Currently
generating R59,000 from diverse rental units, it stands out as an excellent
investment choice. The property comprises nine self-contained bachelor units
and two two-bedroom cottages, along with an outside toilet.
Five bachelor units are situated within the main house, which features a
communal kitchen and two shared bathrooms. Upstairs, you'll discover two
spacious penthouses. One penthouse includes a one-bedroom unit with a
partitioned balcony that can easily serve as a second bedroom, complete with
its own kitchenette and a bathroom equipped with a shower. The second
penthouse is even more expansive, boasting two bedrooms, a lounge, a
kitchen, and a bathroom with a shower, all in a self-contained layout.
In addition, there is a restaurant currently leased out, with street access only,
ensuring no disruption to the residential spaces. A shop is also available, with
access solely from the street, further enhancing the privacy for residents.
The property features a braai area for tenants and is securely enclosed by a
high wall for added safety. In total, there are 13 income-generating units,
which include the bachelor units, cottages, penthouses, as well as the
restaurant and shop.
Located in Bloubosrand, a vibrant and rapidly growing residential area in the
northern suburbs of Johannesburg, this property is just minutes away from
Fourways, offering easy access to major routes and public transport. The
potential here is truly boundless!
Property Details
- 15 Bedrooms
- 12 Bathrooms
- 12 Ensuite
- 2 Lounges
Property Features
- Pets Allowed
- Scenic View
- Guest Toilet
- Paving
- Family TV Room
| Bedrooms | 15 |
| Bathrooms | 12 |
| Erf Size | 806 m2 |
Contact the Agent
Thandi Mulaudzi
Full Status Property Practitioner