10 Bedroom House in Orchards

An exceptional opportunity to acquire a versatile income-producing property in the sought-after OrchardsNorwood area, just off Grant Avenue and close to Melrose Arch, Sandton and Rosebank.

The property comprises several units, offering a combination of apartments, studio and loft-style accommodation, together with a comfortable main house that can be retained as the owners residence while the remaining units generate rental income.

The accommodation includes:

Main owners residence comprising two bedrooms, lounge, dining room, Caesarstone kitchen, guest toilet and bathroom with shower

Three modern New York-style loft apartments, designed as airy studio-style accommodation north Facing with individual patios, bathrooms and kitchens.

Three smaller private apartments

Another separate larger suite with bedroom, en-suite bathroom and walk-in closet open plan

When totally rented out the property currently generates approximately R56,000 per month in rental income when fully occupied. Rates and taxes are approximately R1,800 per month, with prepaid electricity. Direct operating costs are approximately R9,200 per month, leaving an estimated net income of approximately R46,800 per month.

A significant investment has also been made in solar and backup power, substantially reducing electricity costs and providing continuity during load shedding:

16 solar PV panels with output of up to 7.5kW

10kW inverter supplying the main house

3kW backup inverter for apartments 13

10.4kWh lithium battery storage

Four 180Ah 12V gel batteries

Two solar water-heating systems with vacuum tubes

Almost all lighting converted to energy-efficient LED bulbs

Low maintenance easy care lawns & gardens.

All aluminium windows and sliding doors

The location adds another dimension to the investment appeal. The property is within easy walking distance of more than 40 restaurants, while Melrose Arch, Rosebank and Sandton are only minutes away. Shepstone Gardens is approximately 2km away.

Additional features include secure parking, private outdoor entertainment space and accommodation suited to both short- and long-term letting.

A rare opportunity to own a diversified rental property where the owner can live in the main house while generating income from the remaining accommodation Operate the entire property as a rental B&B investment, with hundreds of proven reviews on Airbnb .

PRICE: R4 850 000

Rates & tax R1 800-00

Size 808m2