R 2 999 000

19 Bedroom House in The Hill

18 drakensberg road

19 7 10 1 388 m²

MASSIVE STAND WITH TWO COTTAGES AND TWELVE ROOMS PLUS SPACE TO DEVELOP MORE...INVESTMENT OPPOURTUNITY

This property can be found in the sought after area of The Hill. The property is ideally locatd near main transport routes, good schools, shopping centres and all the amenities one could need.

Why to buy

- Massive 1388m2 Stand

- Entrances from the front and back of the property

- Two cottages , one being a three bedroom cottage and the other a four bedroom cottage both include bathrooms

- Three separate leased rooms at the front of the property with self contained bathrooms

- 9 individual rooms being leased at the back of the property with two bathrooms and shower facilities

- Total rental income excl expenses R40 000

- Parking for 10 vehicles plus

- Main road easy accessibility

- Fully tenanted with caretaker

Nestled in the highly sought-after area of The Hill, this exceptional property offers an unparalleled investment opportunity. Ideally located near main transport routes, reputable schools, shopping centers, and all essential amenities, this property combines convenience with lucrative rental potential.

This generously sized property sits on an expansive 1388m² stand and offers dual access from both the front and back, providing flexibility and ease of movement. It features two cottages, one with three bedrooms and the other with four bedrooms, both complete with bathroomsideal for families or multi-generational living. At the front of the property, three self-contained rooms, each with its own bathroom, are currently leased. At the rear, nine individual rooms are serviced by two bathrooms and shower facilities, all fully tenanted.

With a total rental income of R40,000 per month excluding expenses, this property offers a solid return on investment. It accommodates parking for over 10 vehicles, with easy access from the main roadperfect for tenants and visitors. Fully occupied, the property ensures a stable income stream and features an on-site caretaker for added security and convenience.

This unique property in The Hill presents an excellent opportunity for investors seeking consistent rental income and future growth potential.

DORICEL PTY LTD trading as REMAX Superior Mulbarton operates in terms of a franchise agreement with REMAX of Southern Africa.