5 Bedroom House in Reservoir Hills

MULTIPLE INCOME POTENTIAL | PRIME STUDENT ACCOMMODATION INVESTMENT

A RARE INVESTMENT OPPORTUNITY - MULTIPLE LIVING SPACES, ENDLESS POTENTIAL!

Asking Price: R1,699,000 Negotiable

Unlock the potential of this versatile property in Reservoir Hills, ideal for investors looking to generate rental income, establish student accommodation or accommodate an extended family under one roof.

The main house offers three bedrooms, including a main en-suite, a separate bathroom and toilet, a dining room, a spacious lounge opening onto a balcony, two additional balconies upstairs and three air conditioners.

Additional accommodation includes a bachelor unit with an open-plan kitchen, a generously sized room that can be subdivided, and a bathroom. The basement features a bedroom, kitchen, bathroom and open-plan lounge and dining area, with rental income already coming in.

The lower-level accommodation provides further living space, including a bedroom, kitchen, lounge and dining area, plus a separate bathroom.

EXTRA FEATURES:

Double garage with potential to convert into additional bedrooms

Three geysers serving the separate units

Prepaid water and electricity for tenants

Wireless alarm systems

Solar lights around the property

Tiled interiors throughout

THE INVESTMENT ADVANTAGE:

With multiple living spaces and scope to create additional rooms, this property presents an exciting opportunity to develop student accommodation, subject to the necessary approvals. Its flexible layout also makes it suitable for multi-unit rentals or extended family living.

Rates and Taxes: R580 per month

A property with possibilities beyond the ordinary, ideal for investors ready to maximise its potential.

Contact us today to arrange a viewing!

CHRIS AND LISA PEARSON PROPERTIES PTY LTD trading as REMAX Address Berea operates in terms of a franchise agreement with REMAX of Southern Africa.