R 1 900 000

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10 Bed House in Ferndale

10 8 8 4015 m² 564

SPECIAL VALID UNTIL 08.05.2024- FOR R1.9M IT''S A GIVE AWAY

PROJECT THAT WILL YIELD IMMIDIATE INCOME WHEN FULLY REPAIRED

Property Overview:

Size: 4015m2

Features: Main house + 6 cottages

Income Potential: Main house + cottages could generate up to R34,000/month

Key Selling Points:

Rental Income Potential: The 6 cottages offer a substantial rental income opportunity, with each cottage potentially generating R4500/month, totaling R27,000. Combined with the main house, the total potential income reaches R34,000/month.

Additional Income Opportunities: The large empty land on the property is suitable for parking and a play area, providing additional income possibilities.

Convenient Location: Located near the main road and Randburg CBD, the property offers easy access to amenities, schools, and transport routes.

Ample Parking: The property features a carport for 8 cars, ensuring convenience and safety for tenants.

Swimming Pool: While the swimming pool needs cleaning, it adds value to the property and offers potential for recreational use.

Property details

  • Listing number T4623108
  • Property type House
  • Erf size 4015 m²
  • Floor size 564 m²
  • Rates and taxes R 3 000

Property features

  • Bedrooms 10
  • Bathrooms 8
  • En-suite 7
  • Lounges 8
  • Dining Areas 1
  • Open Parkings 8
  • Flatlets
  • Pet Friendly
  • Patio
  • Pool
  • Entrance Hall
  • Kitchen
  • Garden
  • Garden Cottage
  • Paving
  • Lapa

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