R3 800 000
Monthly Bond Payment: R
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Prime Investment Opportunity: Multi - Tenanted Property in Newlands
8 Bedroom House For Sale in Newlands
Prime Investment Opportunity: Multi - Tenanted Property in Newlands
Monthly Bond Payment: R
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Investment Opportunity: Multi-Tenanted Property in Newlands
This exceptional multi-tenanted property offers a prime investment opportunity in the heart of Newlands, conveniently located near Menlyn Mall, Menlyn Maine, and Times Square. Boasting eight spacious rooms, each with en-suite bathrooms, the property generates an impressive R40,000 per month in rental income, with each room renting for R5,000.
Perfectly designed for a commune setup, this property offers comfortable living for tenants, enhanced by a swimming pool, a borehole, ample parking space, and a double garage for added convenience.
For investors looking for more than just rental income, the property also holds immense potential as a guest house or AirBnB. An application for re-zoning has already been submitted, paving the way for the property to be transformed into a guest house, allowing you to tap into the growing demand for short-term stays in this bustling area.
Whether you’re a seasoned investor or looking to enter the property market, this unique opportunity combines steady rental income with future growth potential. Don’t miss out on owning this prime real estate in a sought-after location.
Bond Payments | R |
Mun. Rates & Taxes | ZAR 1,450 |
Web Ref | RXBC-26310 |
Property Type | House |
Building Size | 650m2 |
Erf Size | 1225m2 |
Bedrooms | 8 |
Bathrooms | 8 |
Garage | 2 |
Fran La Reservee
Candidate Property Practitioner
RE/MAX Jowic (Wierda Park)
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Caroline Sidell
RE/MAX Jowic (Wierda Park)
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Monthly Bond Payment: R