A sale in execution (SIE) is a legal process whereby properties are sold at a public auction by the local sheriff (appointed as an officer of the court) on instruction by an execution creditor (usually a bank) to the highest bidder at the fall of the hammer. An SIE represents a final outcome as it is not subject either to the seller's or the bank's approval.
This expansive 5-bedroom house, strategically located just 2 kilometers from the prestigious University of Pretoria, offers an exceptional investment prospect. Currently utilized as student accommodation, this property promises a steady stream of income in a high-demand location.
Situated within a few hundred meters from the dynamic LC de Villiers Sports Ground, residents enjoy convenient access to a range of recreational activities, including a swimming pool, soccer field, tennis courts, and more. The house is nestled in a safe and vibrant neighborhood, boasting proximity to Hatfield Plaza (1 kilometer away) and a bustling street filled with diverse restaurants.
What sets this opportunity apart is the inclusion of two flatlets, providing additional income streams and flexibility in accommodation options. These flatlets not only enhance the property''s rental potential but also cater to a broader range of tenants, adding to its overall appeal.
The strategic placement of the property extends beyond academic and leisure conveniences. With the renowned Brooklyn Mall a mere 4 kilometers away, residents are seamlessly connected to a plethora of shopping and entertainment options.
Furthermore, the vast expanse of land behind the house opens doors for additional room construction, amplifying the potential for maximizing returns on investment.
In summary, this investment opportunity is a gateway to not just a property but a lucrative venture. With its current use as student accommodation, prime location near educational institutions and recreational facilities, proximity to commercial centers, and the added benefit of two flatlets, this property stands as a testament to smart investment in the heart of Pretoria. Don''t miss out on this chance to secure a property that promises both immediate returns and future growth.
