11 Bedroom House on auction in Rosemount

Full Circle Properties is thrilled to present this exceptional investment opportunity, offered for sale by way of public online auction, in the heart of Greenfields, East London - a sought-after residential rental hub where demand for quality accommodation remains consistently strong. One of the property's standout features is its dual access from two separate streets, providing excellent convenience, privacy and separation for residents. The main three-bedroom home has its own driveway and entrance from one street, while a separate driveway and parking area provides dedicated access to the four rental flats from a separate driveway. This clever configuration is particularly appealing to investors and landlords, offering excellent separation between the main residence and rental accommodation. The main residence offers three bedrooms, a study and a family bathroom, together with a single garage providing secure lock-up parking. The property is fully walled and secured behind a sliding gate, with generous hardstand parking available. Adding significant investment appeal are four income-generating flats, consisting of one three-bedroom unit, two two-bedroom units and one one-bedroom unit. Each unit is thoughtfully equipped with a fitted kitchen, tiled floors and built-in cupboards in the bedrooms, creating practical and appealing accommodation for the local rental market. The property is fully tenanted and currently generates an impressive R30,750 per month in rental income, offering the investor an established income stream from day one. The seller has taken considerable care in preparing the property for maximum rental return and ease of management, with individual pre-paid electricity meters for each unit, a highly desirable feature for any landlord. Aluminium windows throughout add to the property's durability and appeal, while good security measures and ample secure off-street parking provide peace of mind for tenants. For an investor, the opportunity is compelling: five separate income-generating units, established tenants, strong rental income and excellent separation between the main home and flats. Alternatively, an owner-occupier could enjoy the three-bedroom home while generating a substantial passive income by renting out the four additional flats. Greenfields is ideally positioned for tenants working at the nearby East London IDZ, Mercedes-Benz manufacturing facility, East London Airport and surrounding commercial and retail centres. With shops, public transport and everyday amenities close at hand, the location continues to support strong rental demand. VIEWINGS WELCOME BY APPOINTMENT Although this property is being offered via online auction, prospective purchasers are warmly encouraged to arrange a private viewing by appointment and experience the property's layout, accommodation and excellent investment potential first-hand. Strong rental income. Five income-producing units. Dual street access. Excellent location. Make the smart move with Full Circle Properties — this may be the investment property you have been waiting for.

8 Rosemount Avenue, Rosemount, East London, Eastern Cape

• Dr K.Chetty

  2.7 km

• SANTA

  Fort Grey

  2.8 km