48 Bedroom House for sale in Thabazimbi

This property features 16 modern three-bedroom units, each equipped with two bathrooms and an open-plan kitchen and living area. Four of these units are furnished for overnight stays or contractors. Each unit includes a braai area, and the property boasts a beautifully maintained garden, cared for by the owner, with a sufficient supply of borehole water for the complex. Additionally, there are two 10,000-liter water tanks and two 2.2 kW pumps for backup. The motorized gate is designed for privacy, featuring cladding, and the property is secured with fencing and electric fencing. There are 16 carports available, with ample parking space allowing for up to two parking spots per unit. The carports are clearly marked with unit numbers. The property is equipped with outside lights that operate with a day and night switch for visibility at night. All 16 units have their individual 5kw solar system with 5kw battery each unit with 4 x 45-watt panels as a backup system with a prepaid meter. The current rental income for the property is R280,000, while the monthly expenditures range between R20,000 and R25,000. A caretaker has been appointed, along with a gardening service and a cleaning service for the steps and hallways. There are also four storerooms on the property, as well as an enclosed space for drum services and gardening equipment. This is an incredible investment opportunity, presenting a ready-to-rent and use property.