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Stoneydrift, Stoneydrift, East London, Eastern Cape
R 1 150 000
An excellent opportunity to acquire a fully tenanted, income-generating property in the desirable Stoney Drift area. This investment offers strong rental potential with three self-contained units plus a tenanted main house, each with its own prepaid electricity meter for easy management. Property Features: - Tiled floors in all units - Fully walled property for added privacy - Burglar bars and security gates throughout - Parking space for up to six vehicles Property Layout: - 3 Rental Units: - Each unit offers an open-plan lounge, kitchenette, and bathroom. Main House (also tenanted): - 2 Bedrooms - Lounge - Kitchen Prime Location Advantages: - Close proximity to Amalinda Road and public transport - Near local shops and essential amenities - A stone’s throw from Frere Hospital - Convenient access to schools and government institutions This well-located property is ideal for investors seeking a stable rental income with established tenants already in place.
Estimated monthly repayment
R 10 860
on a R 1 035 000 bond over 20 years at 11.25%
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Stoneydrift, Stoneydrift, East London, Eastern Cape
Area view — the exact address is shared on enquiry.
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