13 Bedroom House in Fairland

An outstanding investment opportunity in Fairland, situated on a substantial 2,974 m² stand and offering multiple existing residential units together with the potential for further expansion.

The property currently comprises four separate homescottages, plus an additional building that has the potential to be converted into a further three residential units.

With an estimated potential rental income of approximately R80,000 per month, this property offers an attractive opportunity for investors looking for multiple rental income streams from a single property.

Property Features

Stand size: 2,974 m²

4 existing homescottages

Additional building with the potential to create 3 more residential units

5 Garages

Domestic quarters

Storeroom

Swimming pool

Borehole

Pressure pump

Water storage tank

Unit 1

3 Bedrooms

2 Bathrooms

Kitchen

Lounge

Dining room

Unit 2

2 Bedrooms

Bathroom

Kitchen

Lounge

Unit 3

Large kitchen

Lounge

Dining room

Storeroom

Dressing room

Covered patio

Bathroom

Unit 4

4 Bedrooms

Bathroom

Kitchen

Lounge

Dining room

Potential for 3 Additional Residential Units

An additional building on the property offers the potential to be converted into three further residential units.

This could increase the property to a potential seven residential units, providing an investor with the opportunity to maximise the property''s rental income potential.

Investment Potential

Selling Price: R4,950,000

Potential Monthly Rental Income: Approximately R80,000

Potential Annual Gross Rental Income: Approximately R960,000

Potential Gross Rental Yield: Approximately 19.4 per annum

The potential rental income and gross yield are estimates and may vary depending on occupancy, achieved rentals, operating expenses and the final configuration and approval of the additional units.

With its substantial 2,974 m² stand, four existing residences, potential for three additional residential units, five garages, borehole and water storage system, this property presents an exciting opportunity for an investor seeking income generation together with further growth potential.

A rare Fairland investment opportunity offering multiple income streams and exceptional potential contact us to arrange a private viewing.