CALLING ALL INVESTORS!!! This property offers 9 various rooms to let currently generating R14 800 in rental - Priced to sell FAST...

R750,000
Property Details
Gould St 35

A unique opportunity resides within this corner property - setup with various rooms to let; each with their own accommodational offering and financial return.

This GOLDEN EGG is looking for a new owner to take over this opportunity, with the current income sitting at R14 800 per month with room to grow that value.

Currently the rooms are fully let to tenants who have no desire to move on, thus this "plug and earn" property is perfect for anyone looking to double up on their investment.

The units have all been fitted with pre-paid electricity meters, ensuring that each units power supply rest solely on its occupant/s.

Below is the brief breakdown of accommodation and room offering:

There are 9 rooms in total.

  • Room 1- R1800 (en-suite)
  • Room 2- R1400
  • Room 3- R1800 (en-suite with built in cupboards)
  • Room 4- R2000 (en-suite)
  • Room 5- R2000 (built in kitchen cupboards)
  • Room 6- R1700
  • Room 7- R1700
  • Room 8- R1200
  • Room 9- R1200

Please Note:

Work on a 10th room has been started but is a project to be finished. The current owner has installed window frames as well as a door frame, thus laying the foundation for a few final touches before increasing the income value by a further R2000.

With some TLC this property will certainly yield more than what is put in and is best seen to be appreciated for what it has to offer.

The photos furnished at pre-occupation stage

Call me to secure a private viewing.

Property Features
Property Type
House
Bedrooms
9
Bathrooms
4
Land Size
565m²
Costs and Terms
Rates & Taxes
±R650
Additional Information
Grade
C5
Pets Allowed
No
Location
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