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R3,295,000

16 bedroom house for sale in Glenpark

16 Beds
9 Baths
2 Garages
2,044m²
Pool
Pets Allowed
Reduced
Attention Investors And Future Pension Planners! Price Now Reduced By 1mil

Discover an exceptional investment opportunity with this versatile property, perfect for those looking to secure a reliable income stream. The main house offers a comfortable and modern living space, featuring 3 spacious bedrooms, 2 contemporary bathrooms, and a sleek, modern kitchen. The open-plan lounge and dining room create a welcoming atmosphere for both family and guests.

Outdoor enthusiasts will appreciate the expansive undercover entertainment areas at both the front and rear of the house, ideal for hosting gatherings year-round. Dive into relaxation with the sparkling swimming pool, and enjoy the convenience of a double garage and electric gate. The main house is currently undergoing a fresh coat of paint, ensuring it looks as good as new. Market rental for this gem ranges between R12,000 and R15,000 per month.

Additionally, the property includes six 2-bedroom cottages, each boasting an open-plan lounge, kitchen, and bathroom. These cottages are fully tenanted, generating a steady rental income of R6,600 per month per unit, totaling R39,600 per month.

Combined, the total rental income for this property ranges between R51,600 and R54,600 per month, offering a lucrative return on investment. Nestled in a quiet neighborhood and situated in a cul-de-sac, this property ensures peace and privacy for all its residents.

Don't miss out on this fantastic opportunity. Contact me today before it's gone!

Property Type
House
Bedrooms
16
Bathrooms
9
Stand Size
2,044m²
Living Area
7
Garages
2
Open Parking
12
Rates & Taxes
R1,957.3
Pool
Yes
Flatlet
Yes
Pets Allowed
Yes
Fibre Internet
Yes
Uncovered Parking
Yes
Garden
Yes
Reference
2267188
Property history
Listed for sale at R4,295,000
16 Jul 2024
Price reduced by 23.3% to R3,295,000
01 Nov 2024
Get to know Pinetown
Named after the governor of Natal, Sir Benjamin Pine, forms part of the larger eThekwini municipality. The actual Pinetown area extends from Cowies Hill in the east through to Manors in the west. Pinetown’s Old Main Road (Road (now Josiah Gumede) is jam-packed with car dealership companies, resulting in its affectionate nickname of “motor town”.
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