This income property is a remarkable opportunity for investors! Currently generating R52,000 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!
