2 Bedroom House in Park Village

INVESTMENT OPPORTUNITY WITH EXISTING MONTHLY RENTAL INCOME

Looking for a property that can provide both residential accommodation and an income-generating opportunity Welcome to 26 Sabi Street, Spandau, Kleinvlei a property with the potential to work for an investor, entrepreneur or owner-occupier looking for additional income.

The property offers a 2-bedroom home with 1 bathroom, kitchen and living space, together with an additional shop area currently generating approximately R5,000 per month in rental income.

INVESTMENT HIGHLIGHT

Shop rental income: R5,000 per month

Potential annual rental income: R60,000

Asking price: R680,000

At the asking price, the shop income alone represents a gross rental yield of approximately 8.82, before expenses and excluding any potential residential income.

The property offers an opportunity to:

Live in the residential portion

Receive rental income from the shop

Operate your own business from the shop, subject to applicable approvals

Use the property as an investment

Add value through future improvements, subject to municipal approvals

The existing property layout includes a separate outbuildingflatlet and storeroom, while the residential portion offers two bedrooms and a bathroom. The erf measures approximately 156m².

The property is being offered at R680,000.

If you''re an investor looking for an affordable property with existing rental income, this is an opportunity worth investigating.

Viewings by appointment. Serious buyersinvestors are encouraged to enquire.

Rachel Peters

Property Practitioner | Property Me