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179 Josiah Gumede Rd, Cowies Hill Park, Pinetown, KwaZulu-Natal
R 2 595 000
This property, located on Josiah Gumede Road, offers excellent frontage and is ideally positioned for the upcoming new development in the area. The main dwelling features three bedrooms, two bathrooms, a spacious lounge, dining room, and a well-equipped kitchen with an adjoining laundry room and scullery. Additional amenities include a swimming pool, air conditioning, and CCTV security cameras. The previous rental income for this unit was R11,000 per month. Additionally, the property includes two bachelor units, each comprising a large room, kitchenette, shower, and toilet. These units currently generate R3,000 each per month in rental income. There is also a one-bedroom cottage with an open-plan lounge and kitchen, which produces a rental income of R4,500 per month. This versatile property presents a strong investment opportunity with multiple income streams.
Estimated monthly repayment
R 24 505
on a R 2 335 500 bond over 20 years at 11.25%
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179 Josiah Gumede Rd, Cowies Hill Park, Pinetown, KwaZulu-Natal
Listed by
Francois Pillay
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