3 Bed House in George South

3 in 1 House and Development

Here is an unique opportunity for a developer or the extended family. This rare property has a fully renovated house with the rezoning already approved for 2 double storey houses. The new owners will have the opportunity to have their own plans drawn up for the 2 new units.

Fully Renovated Modern House:

1. The existing house of 153 sqm on the property has been fully renovated and offers modern amenities. It includes three bedrooms, two bathrooms, a lounge, study, single garage and a practical kitchen. The house is light and sunny, creating a pleasant living environment.

2. Study or 4th Bedroom: The property includes a study or the option to use it as a 4th bedroom. This versatile space can be tailored to meet your specific needs or serve as an additional sleeping area.

3. Warm Fireplace: The inviting warm fireplace in the house provides a cozy atmosphere during the winter months, adding to the overall comfort of the property.

4. Built-in Cupboards: All bedrooms in the house, including the potential 4th bedroom/study, come with built-in cupboards. This provides ample storage space for the occupants.

5. Kitchen Amenities: The kitchen is designed to be practical and modern. It offers dedicated spaces for a washing machine, tumble dryer, and dishwasher, making it convenient for daily chores. Additionally, there is a large 6 plate gas hob, which is ideal for cooking enthusiasts.

6. Single Garage: The property includes a single garage, which provides secure parking for one vehicle. This adds to the overall convenience and functionality of the property.

7. Neat Garden and Partial Mountain Views: The property features a well-maintained garden, which adds to its visual appeal. Additionally, it offers partial views of the picturesque Outeniqua mountains, enhancing the natural surroundings.

Two New Lock-Up-and-Go Units:

As part of the rezoned development, you have the opportunity to build two additional lock-up-and-go units. The first unit can have a garage and a size of around 140 square meters, while the second unit can be approximately 97 square meters.

Rental Potential: With the property's convenient location on bus routes, it becomes even more attractive for potential tenants. AirbnB and student accommodation are also a possibility. The rental market can be explored to generate income from the three existing bedrooms in the renovated house and the two newly built units.

Overall, this property offers a combination of an already renovated house, the potential to build two additional units, and its appealing location for rentals. It provides an investor with various options to maximize returns on their investment.

This house is registered in a PTY (Ltd) with attractive opportunities for the investor to consider.

Call for a viewing and to discuss the potential.