Rare opportunity to purchase an investment property with excellent rental income tract record and opportunity to improve on the potential future income.
We are inviting buyers to come view the property that has unfortunately been broken into and vandalised over the last few months, and to present a reasonable and secure Offer to Purchase. This corner property, close to the UJ and Wits campuses stands on 629m2 and offers 4 rental units that until 6 months ago brought in a total rental income of R19 000. The smallest rental unit can be enlarged by incorporating a garage on one side and a storeroom on the other side to make a large cottage that will produce a greater rental yield. The set-up is as follows:
Main House – Large kitchen with walk-in pantry, three very spacious rooms and bathroom with two showers, and a wrap-around patio on two sides.
Studio (attached to the main house) can be incorporated back into the main house or kept separate – and consist of a kitchen/lounge, bedroom and bathroom.
Outbuildings: Two separate garages, 1 x storeroom and Studio apartment with kitchen, bedroom and bathroom. Then there is the large cottage consisting of a large open kitchen/ lounge/dining area, bathroom and 2 bedrooms.
The property allows for ample off-street parking and a low-maintenance garden. There are 4 video clips on the listing that shows the units individually. Appointments are to be arranged with 24 hours' notice in advance. Pre-qualified/cash buyers will be given preference.
