This investment property in Terenure offers a unique opportunity with its generous land size of 1895 square meters. The property consists of three houses, each featuring two bedrooms and bathrooms, with separate entrances, parking spaces, and fully equipped kitchens. This layout offers privacy and convenience for each household.
In addition to the houses, there are three one-bedroom flatlets on the property. These flatlets are self-contained, with their own kitchens, bathrooms, and sitting areas. This configuration is ideal for individuals or small families seeking independent living spaces.
One notable feature of this property is its consistent rental income generation, totaling R32,000. This consistent cash flow is attractive to investors, providing a steady return on investment. Furthermore, the presence of a borehole on the property is a valuable asset, ensuring a reliable and cost-effective water supply.
Lastly, the property's location in an enclosed security-controlled area adds an extra layer of safety and peace of mind for both residents and investors. This feature is particularly appealing for those who prioritize security.
In summary, this investment property offers a substantial land size, multiple housing units with private amenities, a reliable rental income stream, a borehole, and enhanced security measures. It presents a compelling opportunity for investors looking to diversify their portfolio in a promising real estate market.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
