Web Ref DPR19709
R1,800,000
Monthly Bond Repayment R18,274.12
Calculated over 20 years at 10.75% with no deposit.
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Monthly Rates
R2,000
R2,000
Investment Property in Highbury
Situated in the tranquil area of Highbury, this expansive 4,000m² property offers a lucrative investment opportunity with significant rental income potential. The property comprises a main house and 11 separate rental units, with three additional one-bedroom apartments currently under construction. All structures have approved building plans, ensuring compliance with local regulations. The main house can be utilized as additional rental space or as accommodation for the owner or a property manager, providing flexibility to suit various investment strategies.
While the buildings are structurally sound, minor cosmetic improvements such as tile repairs and painting are needed to enhance their appeal. Beyond the existing structures, the property boasts ample undeveloped land, presenting opportunities for further expansion. Potential developments include additional rental units, storage facilities, or small-scale agricultural ventures, each capable of increasing the property's income-generating capacity. This property is ideal for investors seeking a solid foundation with room for growth in a serene setting. Don't miss out on this exceptional opportunity—contact us today to arrange a viewing.
While the buildings are structurally sound, minor cosmetic improvements such as tile repairs and painting are needed to enhance their appeal. Beyond the existing structures, the property boasts ample undeveloped land, presenting opportunities for further expansion. Potential developments include additional rental units, storage facilities, or small-scale agricultural ventures, each capable of increasing the property's income-generating capacity. This property is ideal for investors seeking a solid foundation with room for growth in a serene setting. Don't miss out on this exceptional opportunity—contact us today to arrange a viewing.
Features
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
1
Kitchen
1
Reception Rooms
1
Furnished
No
Exterior
Security
Yes
Parkings
2
Flatlet
11
Pool
No
Sizes
Land Size
4,047m²
