- 8
- 8
- 2
- 650 m2
- 1 225 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 1450.00
Property description
Investment Opportunity: Multi-Tenanted Property in Newlands
This exceptional multi-tenanted property offers a prime investment opportunity in the heart of Newlands, conveniently located near Menlyn Mall, Menlyn Maine, and Times Square. Boasting eight spacious rooms, each with en-suite bathrooms, the property generates an impressive R40,000 per month in rental income, with each room renting for R5,000.
Perfectly designed for a commune setup, this property offers comfortable living for tenants, enhanced by a swimming pool, a borehole, ample parking space, and a double garage for added convenience.
For investors looking for more than just rental income, the property also holds immense potential as a guest house or AirBnB. An application for re-zoning has already been submitted, paving the way for the property to be transformed into a guest house, allowing you to tap into the growing demand for short-term stays in this bustling area.
Whether you’re a seasoned investor or looking to enter the property market, this unique opportunity combines steady rental income with future growth potential. Don’t miss out on owning this prime real estate in a sought-after location.
Property Details
- 8 Bedrooms
- 8 Bathrooms
- 2 Garages
- 8 Ensuite
- 2 Lounges
- 1 Dining Area
Property Features
- Balcony
- Pool
- Access Gate
- Paving
- Garden
| Bedrooms | 8 |
| Bathrooms | 8 |
| Garages | 2 |
| Floor Area | 650 m2 |
| Erf Size | 1 225 m2 |
