9 Bedroom House in Capital Park

Investment Opportunity: Multi-Unit Property in Flower Street, Capital Park!

This versatile investment property in the heart of Capital Park offers exceptional rental income potential, making it an ideal opportunity for investors or those seeking a multi-use space.

Property Details:

Erf 1090/R Capital Park

Land Size: 1,129m

Main House: 152m

4 Bedrooms

2 Bathrooms

Kitchen

Currently rented as an office for R15,000 per month

Additional Units (All on Plan):

Granny Flat: 42m Rented at R3,500 per month

Second Building: 142m

Listed as a 4-bedroom house, currently divided into:

Two 2-bedroom flats (Rented at R5,500 each)

Undercover Parking: Space for 6 vehicles

Utilities:

Pre-paid electricity meters in each garden flat

Separate water metering

Expenses:

Property Rates: R732 per month

Refuse Removal: R1,482.60 per month

Despite Lightstone estimates of R1.5M max for the area, this property generates high rental income and is available for a net offer of R2M.

Serious buyers, contact us today for a viewing!