12 Bedroom House in Rietfontein

12-Bedroom Investment Opportunity in the Heart of Rietfontein

Currently generating approximately R30,000 per month in rental income, this expansive property offers an exciting investment opportunity in a sought-after Rietfontein location, conveniently positioned close to shops and everyday amenities.

Set on a substantial 1,006m² erf, the property offers generous accommodation and excellent potential for investors, extended families, or buyers looking to maximise rental income.

The property features 12 bedrooms and multiple bathrooms, with four of the bedrooms offering en-suite bathrooms. The accommodation is supported by a functional kitchen and spacious communal areas, making the property well suited to shared accommodation or multi-generational living.

Property Highlights:

12 bedrooms

Multiple bathrooms, including 4 en-suite

Approximately 290m²

1,006m² stand

Current rental income of approximately R30,000 per month

Functional kitchen

General Residential zoning

Building plans require updating

Large driveway and extensive parking

Parking for up to approximately 15 vehicles

Secure gated entrance

Security gates

Pet-friendly outdoor space

Excellent development and rental potential

The propertys generous layout creates several possibilities for future use. It could continue operating as a rental accommodation property, accommodate a large extended family, or potentially be converted for alternative uses such as a daycarekindergarten, subject to the necessary approvals, zoning requirements, and compliance.

With its substantial stand, high bedroom count, existing rental income, and central Rietfontein location, this property offers investors an opportunity to add value while benefiting from an established income stream.

Viewings are strictly by appointment on predetermined dates and times, as the property is currently occupied by tenants.

Contact me today to arrange your viewing.