5 Bedroom House in Craighall Park

Exclusive Mandate - Opportunity knocks, don''t miss this exceptional and rare opportunity in the highly sought-after Craighall Park. Current RES 1 Zoning, perfect for those looking to design and build their dream home, or for developers to sub-divide and develop a small upmarket boutique estate with 4 clusters. The property requires TLC or demolition and is by no means in a move-in condition.

Negotiating offers, call now before it''s gone!

Property Highlights:

- Stunning elevated stand that allows for breath-taking sunset views

- The main house and cottages are currently all rented out

- Main house: currently converted to 5 living spaces, each room with pre-paid electricity, 3 bathrooms in total, communal kitchen in main house 2 rooms have kitchenettes and a bathroom each, requires TLC

- Additional: currently 6 self-catering flatlets, each with a bathroom and kitchenette, all have pre-paid electricity requires TLC

- Current rental income - R40,000 potential rental income when all rooms have tenants, 4 x R3500 each. 7 x R4500 each R45 500 per month

- Ideal for sub-division, a small cluster development, or the creation of a luxurious dream home

Location Benefits:

- Situated on a popular Avenue close to CNR Cafe and SPAR.

- Surrounded by beautifully renovated and newly constructed homes

- Easy access to amenities, shops, eateries, and schools

Transform this prime position into a contemporary luxury family haven in a coveted suburb and capitalise on its immense potential.