Income-Generating Property with Excellent Expansion Potential
This spacious property presents a fantastic opportunity for investors or buyers looking for an income-generating property with significant potential for growth.
The property previously accommodated 14 rooms, generating approximately R18,000 per month in rental income. Some of the rooms are currently unoccupied as renovations and improvements have been underway, offering the new owner an opportunity to complete the renovations and unlock the property's full income-generating potential.
A major advantage of this property is the abundance of available space, providing excellent scope for further additions and development. Additional rooms or other suitable improvements could potentially be added, subject to the necessary approvals.
With its existing rental potential, generous space and opportunity for further development, this property offers an exciting investment opportunity for someone looking to increase rental income and add value over time.
The property previously accommodated 14 rooms, generating approximately R18,000 per month in rental income. Some of the rooms are currently unoccupied as renovations and improvements have been underway, offering the new owner an opportunity to complete the renovations and unlock the property's full income-generating potential.
A major advantage of this property is the abundance of available space, providing excellent scope for further additions and development. Additional rooms or other suitable improvements could potentially be added, subject to the necessary approvals.
With its existing rental potential, generous space and opportunity for further development, this property offers an exciting investment opportunity for someone looking to increase rental income and add value over time.
Features
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Listing Info
Finance
Total Amount Repayable
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Monthly Repayment
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While every effort will be made to ensure that the information contained within the Koalet Properties website is accurate and up to date, Koalet Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
