R 3 495 000
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4 Bed House in Essenwood

4 3 7 1 061 m²

This spacious four-bedroom house, currently utilized as student accommodation, presents an exceptional investment opportunity. Featuring four bedrooms, three bathrooms, and a communal lounge and kitchen, it caters to the needs of student residents and is zoned for a bed and breakfast. The property also offers four office spaces and two self-contained offices, accommodating businesses and professionals. With ample parking space for around 6 to 8 cars, this multifaceted property generates a consistent monthly income of 35k plus, making it lucrative. Also a developers dream, you could build about 9 apartments.

The property is situated in prime Essenwood and has a steady flow of rental income from the student accommodation, additional income from office rentals, and ample parking space. Two flatlets outside suitable for a beauty therapist.

Contact me for an exclusive viewing.

Property details

  • Listing number T4428647
  • Property type House
  • Erf size 1 061 m²
  • Rates and taxes R 6 000

Property features

  • Bedrooms 4
  • Bathrooms 3
  • Lounges 2
  • Dining Areas 1
  • Covered Parkings 7
  • Flatlets
  • Pet Friendly
  • Balcony
  • Laundry
  • Patio
  • Study
  • Kitchen
  • Garden

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