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Orkney, Orkney, Orkney, North West
R 1 970 000
Prime Investment Opportunity with Multiple Rental Units This property is an ideal investment opportunity, featuring 5 rentable units across 3 freestanding buildings. The property is equipped with 3-phase electricity and each unit has prepaid electricity and water meter. Zoned for Residential 2, the large stand offers space for developing 3 additional units. Current rental income stands at R23,000 per month, with enough parking available for each unit. Property Features: * 3-Phase Electricity * 5 Rentable Units with prepaid and water meters * Zoned Residential 2 with space to develop 3 additional units. * Parking for each unit * Current Rental Income: R23,000 Breakdown of Units: Unit A1: * The largest unit, tile roof, and plastered walls * Double garage and secure visitor parking * Fully fenced garden with outdoor braai * 2 bedrooms with built-in cupboards * 1 bathroom * Open-plan kitchen and living room * Additional recreation room (used as dining, living space, or extra bedroom) Unit A2: * Tile roof and plastered walls * Fenced garden space * Double Carport * 2 bedrooms * 1 bathroom (shower and separate toilet) Unit B: * Face brick with tile roof, freestanding * 1 garage and tandem carport (fits 2 cars) * 3 bedrooms (main with walk-in closet and one with built-in cupboards) * 2 bathrooms (main en-suite) * Open-plan kitchen with oven and hob, separate scullery * Dining and living room with ceiling fans * Porch and outdoor braai * Enclosed small garden with palisade fencing Unit C1: * Face brick with tile roof * Secured with burglar bars and security door * Carport and secure visitor parking * 1 bedroom with built-in cupboards and en-suite bathroom * Open-plan kitchen and living room Unit C2: * Face brick with tile roof * Enclosed with palisade fencing * Carport and secure visitor parking * 2 bedrooms with built-in cupboards * 1 bathroom * Open-plan kitchen and living room This property offers a lucrative rental income with potential for further development. Don’t miss this excellent opportunity to expand your property portfolio!
Estimated monthly repayment
R 18 603
on a R 1 773 000 bond over 20 years at 11.25%
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Orkney, Orkney, Orkney, North West
Listed by
David Mnguni
Unclaimed listing — claim it to verify
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