Prime Investment Opportunity in a High-Demand Location
This fully furnished double-storey income-generating property presents an excellent opportunity for investors seeking strong rental returns and future growth potential.
The property currently offers 10 furnished rental rooms, with the possibility of creating additional rooms to further increase income potential.
Rental Income Potential
Potential gross rental income of approximately R34,000 per month when fully occupied.
Annual rental escalations provide additional long-term growth in returns.
Currently 70% tenanted, primarily by postgraduate students and working professionals.
Existing lease agreements are in place.
To facilitate the sale process, the seller has implemented shorter lease terms for newer tenants, allowing flexibility for the incoming owner.
Included in the Sale
The property is being sold fully furnished, including:
Beds
Wardrobes
Stoves
Refrigerators
Microwave
Washing machine
Property Layout
Upstairs
4 Bedrooms
Bathroom
Kitchenette
Downstairs
5 Bedrooms
Bathroom
Full Kitchen
Separate Outside Unit
1 Bedroom
Bathroom
Kitchenette
This well-maintained property is ideally suited for student accommodation or single-tenant rentals and offers immediate income with further development potential.
Serious investors are invited to contact the agent to arrange a viewing.
