17 Bedroom House in Cannon Hill

General Residential Zone 3

This well-positioned property is an exceptional income-generating property.

It used to be the Cannon Street Hotel - endless opportunities.

Situated in the popular Cannon Street and main route for commuters.

Already established rental income Another opportunity to create wealth with property.

This property offers the following:

12 x cottages with one-bedroom, one-bathroom, and open-plan lounge-kitchen

The main house was also converted into 4 x fully functional apartments featuring open-plan lounge-kitchen flat bedroom and bathroom

Sufficient Parking Area well layout

All units have prepaid water and electricity meters

The established rental income of approximately R40 000 p.m. is more then enough to cover your bond.

Have you been waiting for such an opportunity

The seller has 2 x complexes in Uitenhage that he wants to sell together Caledon Street and Cannon Street at R2 750 000 excl VAT each complex.

Both the properties have established rental income and currently fully tenanted. Refer to listing reference CL13515 on the Just Property website. The Caledon Street property has 14 units generating about R40 000 p.m. rental income.

I will be on the other end of the line - message me. Like any other property this will also be sold voetstoots.