6 Bedroom Townhouse in Irene Park

EXCEPTIONAL INVESTMENT OPPORTUNITY MULTI-UNIT PROPERTY WITH DEVELOPMENT POTENTIAL

An excellent investment opportunity offering multiple income-generating residential units, additional land and exciting future development potential in a sought-after area.

The property consists of:

- 2 Luxury 3-Bedroom Townhouses, each offering double amenities, a double garage and a spacious kitchen with a separate scullery.

- Prepaid water and electricity meters for convenient utility management.

- 1 Additional House featuring a swimming pool and a borehole currently without a pump.

- A Large Vacant Stand situated behind the townhouses, offering excellent potential for further development.

- The current plan is to have 30 storage units built at the back

- Additional improvements include a single garage, storeroom and carports.

DEVELOPMENT POTENTIAL

An exciting opportunity for investors: Building plans are already available for the development of 30 storage units on the vacant stand, creating the potential for an additional rental income stream

CURRENT RENTAL INCOME of around R20000 per month

Please note: The current rental income excludes the vacant stand, which is presently generating no income.

WHY INVEST IN THIS PROPERTY

- Multiple residential rental opportunities.

- Existing monthly rental income.

- Additional land for future development.

- Plans available for 30 storage units.

- Potential to significantly increase rental returns.

- Excellent location and long-term investment potential.

-A rare opportunity to secure an income-producing property with substantial room for expansion and future growth. Ideal for the astute investor looking to maximise rental income and unlock additional value through development!

Contact your listing agent today to schedule an appointment!