EXCLUSIVE MANDATE
Web Ref RL3581
R1,850,000
Monthly Bond Repayment R19,728.94
Calculated over 20 years at 11.5% with no deposit.
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Monthly Rates
R1,482.81
R1,482.81
Investment Property with Income-Generating Flatlets and Office Space
This property offers incredible potential and is perfectly located in Ferndale, closely bordering Bryanston. It’s minutes from key amenities like shops, schools, the courthouse, police station and main roads, making it ideal for both business and residential purposes.
Key Features:
Income-Generating Flatlets: There are 4 occupied flatlets on the property, all tenanted with long-term, reliable residents. These units generate substantial monthly rental income, more than covering the bond repayments.
Spacious Office Area: A large office space of approximately 132sqm with 4 separate rooms, 3 toilets and a kitchenette. This space is currently vacant and can be rented out for additional income or converted into an additional living area based on approved building plans.
Great Investment Potential: The current flatlet rental income will comfortably cover the bond. If the office space is rented out—either as an office or converted into an additional living space—the combined rental income will fully cover both the bond and the COJ account, making this property a sound and self-sustaining investment.
PHRAG, Zoning, and Building Plans: All necessary PHRAG approvals, zoning documentation and approved building plans are available, ensuring that the property complies with all legal and building regulations.
Parking and Gardens: The property features ample parking with shaded areas provided by mature trees and beautifully maintained gardens that enhance its appeal. An outdoor bathroom and a shed further increase the property's functionality.
This is a rare opportunity for investors or someone looking for a property that pays for itself. Whether you want to live on the property and benefit from rental income or turn it into a fully income-generating asset, this property is a fantastic buy.
Don’t miss out on this excellent investment! Contact us today for a viewing.
Key Features:
Income-Generating Flatlets: There are 4 occupied flatlets on the property, all tenanted with long-term, reliable residents. These units generate substantial monthly rental income, more than covering the bond repayments.
Spacious Office Area: A large office space of approximately 132sqm with 4 separate rooms, 3 toilets and a kitchenette. This space is currently vacant and can be rented out for additional income or converted into an additional living area based on approved building plans.
Great Investment Potential: The current flatlet rental income will comfortably cover the bond. If the office space is rented out—either as an office or converted into an additional living space—the combined rental income will fully cover both the bond and the COJ account, making this property a sound and self-sustaining investment.
PHRAG, Zoning, and Building Plans: All necessary PHRAG approvals, zoning documentation and approved building plans are available, ensuring that the property complies with all legal and building regulations.
Parking and Gardens: The property features ample parking with shaded areas provided by mature trees and beautifully maintained gardens that enhance its appeal. An outdoor bathroom and a shed further increase the property's functionality.
This is a rare opportunity for investors or someone looking for a property that pays for itself. Whether you want to live on the property and benefit from rental income or turn it into a fully income-generating asset, this property is a fantastic buy.
Don’t miss out on this excellent investment! Contact us today for a viewing.
Features
Pets Allowed
No
Interior
Bedrooms
7
Bathrooms
5
Kitchen
4
Reception Rooms
4
Furnished
No
Exterior
Security
Yes
Parkings
8
Flatlet
4
Pool
No
Sizes
Floor Size
362m²
Land Size
2,199m²
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