R 9 500 000
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40 Bedroom House in Amalinda

40 22 2 383 m² 1 994 m²

Large investment property offering multiple tenanted units with income!

Discover a standout investment opportunity in Amalinda, East Londonperfectly suited for a VAT-registered buyer looking to maximise returns. This well-positioned, income-generating property offers a diverse mix of residential units designed to appeal to a wide tenant base, ensuring consistent occupancy and strong rental yield.

At the heart of the property lies a spacious double-storey main house, complemented by three additional residential units located directly behind it. Expanding the income potential even further, there are two separate residential blocks positioned at the rear: one block on the right comprising eight units four upstairs and four downstairs, and another on the left offering four units two upstairs and two downstairs. Altogether, this multi-unit setup provides excellent scalability and flexibility for investors.

The units vary in size and layout, ranging from comfortable two-bedroom, one-bathroom options to larger three-bedroom, two-bathroom homesideal for accommodating different tenant needs, from small families to working professionals.

Security and accessibility are key highlights of the property. It is fully enclosed by high boundary walls topped with barbed wire, offering peace of mind for both owner and tenants. Access is controlled via a pedestrian gate and two remote-controlled vehicle entrances. The property also features paved driveways leading to the various units, a double carport, and an impressive 13 open parking bays to comfortably accommodate residents and visitors.

This is a rare opportunity to acquire a well-structured, high-density rental property in a sought-after area. Dont miss outschedule a viewing today and explore the full potential this exceptional investment has to offer.

Property details

  • Listing number T4228879
  • Property type House
  • Listing date 27 Jun 2023
  • Land size 2 383 m²
  • Floor size 1 994 m²
  • Rates and taxes R 2 580

Property features

  • Bedrooms 40
  • Bathrooms 22
  • Lounges 18
  • Dining areas 1
  • Pet friendly
  • Balcony
  • Patio
  • Tv

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