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6 Bed House in Glenlily

R 2 695 000

Address: 41 fairfield south street

6 Beds

4 Baths

Can I afford this?

Floor Area 225 m² Land Area 696 m² Rates R 1020

LB2 Zoned Parow Multi-Let ideal for student accommodation

The Investors Dream! Incredible Multi-let investment opportunity in Parow ideal for student accommodation generating up to R37 800 rental income per month!

With 6-bedrooms and Local Business (LB2) Property Zoning Permissions, this investment offers the opportunity for a variety of business income streams.

The main dwelling comprises 5 bedrooms (including a unit with its own separate entrance) and an additional unit at the back of the property.

Further Expansion:

There is a unique opportunity to convert two large living rooms into bedrooms (one having its own separateentrance.)Water lines are in a reasonable distance and can be fitted for this purpose.

There is ample opportunity to expand and add 2 - 3 more units at the back of the property. This estimates a further revenuegeneration of R15 000 per month.

This property can be sold with all kitchen appliance included to the value of around R 155 000 (for the appliances only)

6 Bedrooms

4 Bathrooms

3 Lounges

3 Kitchens

Laundry

10 Carports

Zoning Rights Offer Opportunity For:

Student Accommodation

Air BnB

Guest House

Short Term Rentals