13 Bedroom House in Newton Park

Exceptional Investment Property with 7 Rental Flats and Workshop Potential

This outstanding income-generating investment property offers an incredible opportunity for accommodation investors or large families looking for a property with multiple living spaces. Located in a well-established area, this property comprises 6 spacious two-bedroom flats and 1 large one-bedroom flat, all currently fully rented out.

Currently the x7 Units are rented out.. The Huge garage and workshop could be rented out too... generating an additional R10,000 plus...!! But the sellers are presently using it as their workshop.

Each flat includes:

Kitchenette

Bathroom facilities

Spacious living areas

Own water meter

Pre-paid electricity meter

Own geyser

The current rental income of approximately R38 500 per month for the Flats.

Expenses of approximately R4 000 per month for rates, taxes including water availability, sewage and refuse.

Please Note: The water and Electricity is Payed by the tenants as per prepaid and water meters.

The Huge garageworkshop could easily get a rental of R8 000 - R10 000 monthly.. It is currently being used by the owners as a work shop.

This property offers excellent investment potential.

Property Overview:

6 x two-bedroom flats

1 x one-bedroom flat

All units currently occupied

Rental income ranging from R5 500 R6 000 per unit monthly

Parking for 21 vehicles and more

Carport parking for each flat

High walls and security gates surrounding the property

Remote-controlled main entrance gate

Sensor LED lighting throughout parking and vehicle access areas

4 water tanks

The property also features a huge tandem garageworkshop area that can accommodate approximately 6 vehicles. Currently used as a workshop, this versatile space includes:

Massive steel sliding garage doors

Parking space for multiple vehicles

Two additional roll-up doors leading into a large workshop area

Smaller rooms leading off the main workshop space

Double French doors opening into an enclosed back yard

Investment and Development Potential:

Currently zoned residential or mixed-use area

Potential for commercial rezoning

Ideal opportunity for retail or business ventures

Sufficient land available to build 2 additional flats with garages

Opportunity to transform the existing pool area into a recreation space with braai facilities

Large front and rear areas providing additional secure parking

The property is exceptionally well located in Burt Drive, close to schools, swimming baths, shopping centres, police services, hospitals, main transport routes, and other essential amenities.

Flat Breakdown:

Flat 1 Erf 1:

2 bedrooms with built-in cupboards

Wooden floors

Bathroom with shower, basin, and toilet

Fully tiled bathroom

Kitchenette with sink and built-in cupboards

Tiled kitchen floor

Passage with built-in cupboard

Lounge with tiled flooring

Private entrance with gate and paved courtyard

Small tranquil garden at the back

Access to additional parking area

Flat 2 Erf 1:

Free-standing cottage situated further back on the property

2 tiled bedrooms with built-in cupboards

Bathroom with shower

Separate toilet

Open-plan kitchenette with sink

Large living room flowing into a spacious kitchen area with built-in cupboards

Sliding door leading to evergreen garden

Trellidoor security gate

Undercover parking for 2 vehicles

Face brick and plaster exterior

Flat 3 Erf 1:

2 bedrooms with built-in cupboards

Wooden floors

Bathroom with shower

Fully tiled bathroom

Separate toilet with basin

Kitchenette with sink and built-in cupboards

French doors opening into kitchenette

Partly enclosed patio

Small tiled front courtyard

Flat 4 Erf 1:

1 bedroom with built-in cupboard

Bathroom with shower, toilet, basin, and urinal

Large lounge with wooden floors

Fitted kitchenette with sink and built-in cupboards

Novolin flooring

Two front entrances and one entrance facing the back garden

AF1 Erf 2:

2 bedrooms with built-in cupboards

Tiled floors

Bathroom with bath, shower, basin, and separate toilet with wash basin

Kitchenette with sink and built-in cupboards

Large tiled lounge

Carport parking

Brick-paved area

AF2 Erf 2:

2 bedrooms with built-in cupboards

Tiled floors

Walk-in closet

Bathroom with shower, basin, and toilet

Kitchenette with sink and built-in cupboards

Double-sized living room

Large paved two-car carport

Entrance sliding gate

AF3 Erf 2:

2 bedrooms with built-in cupboards

Large upstairs loft bedroom

Second bedroom downstairs

Bathroom with shower, basin, and toilet

Open-plan lounge

Tiled floors

Kitchenette with sink and built-in cupboards

Large secure two-car brick-paved parking area

Sliding gate entrance

Additional Features:

Servants toilet at the back

Additional toilet in garageworkshop

Brick-paved driveway between the two houses providing access to all rear parking areas

Fully rented property with established tenants

This property offers exceptional value, multiple income streams, and endless potential for investors looking for a high-yield rental property.

Please note:

The property has a pool that is not currently in use and has not been included in the property''s value. It was previously used as a koi breeding pond and does not form part of the property sale.

Every effort has been made to ensure the content of this advert is correct however, no responsibility will be borne for any errors or omissions it may contain.

If you want this property, call me for a private viewing.