Description

Exclusive Mandate.

Unlock a lucrative investment with this meticulously maintained residential property, boasting six distinct rental units, with lease agreements, that collectively yield a robust monthly income of R57,800. Strategically zoned Residential 2, this property is set up to accommodate up to 6 dwellings, offering potential for expansion given the current coverage percentage of just 35%, well below the allowable 50%. 

Unit Breakdown: 

• Unit 1: 
• Rental Income: R7,300 per month 
• Features: 1 bedroom, 1 bathroom, open-plan living area and kitchen. Located on the ground floor with a private garden and 1 carport. 
• Unit 2: 
• Rental Income: R7,000 per month 
• Features: 1 bedroom, 1.5 bathrooms, open-plan living area and kitchen. Ground floor with a private garden and 1 carport. 
• Unit 3: 
• Rental Income: R15,500 per month 
• Features: 2 bedrooms, 2.5 bathrooms, plus a study. This double-storey home includes an expansive patio, private garden, two lounges, a dining room, kitchen, and separate laundry with a kitchen courtyard. It also has 2 carports and potential for integration with Unit 4 to create a 3-bedroom home. 
• Unit 4: 
• Rental Income: R5,500 per month 
• Features: Upstairs studio apartment with 1 bedroom, 1 bathroom, living area, and open-plan kitchen. Comes with 1 carport. 
• Unit 5: 
• Rental Income: R14,500 per month 
• Features: 2 bedrooms, 2 bathrooms, plus a study. Ground floor, single-level unit with a private garden, lounge, dining room, multi-use area, and open-plan kitchen with a separate scullery/laundry room. Includes 2 carports. 
• Unit 6: 
• Rental Income: R8,000 per month 
• Features: 1 bedroom, 2 bathrooms, and a study nook. This double-storey unit offers an outdoor area overlooking the pool, an open-plan lounge, dining room, and kitchen with a separate scullery. It also includes 2 carports. 

Property Highlights: 

• Total Monthly Income: R57,800 
• Energy & Utilities: Equipped with solar panels, inverter, and batteries for communal power needs, solar water heating supplemented with gas, and individual meters for gas, water, and electricity in each unit. 
• Security Features: Includes a Videofied alarm system with photo alerts, electric fencing on the front fence, secure perimeter fencing, and access through an electric gate with G Web phone system. 
• Additional Amenities: Borehole, with an irrigation system, fully fenced-off communal swimming pool, staff accommodation, and visitor parking. 

This well-managed property not only provides consistent rental income but also offers modern amenities and security features that make it a highly attractive investment. With ample space for potential development and additional income opportunities, this property is an exceptional addition to any real estate portfolio.