10 Bedroom House for sale in Mooivallei Park

FANTASTIC Investment Opportunity! The property at 1 Kolgans Street in Potchefstroom is built on a 1,602 m2 stand in a very quiet neighbourhood called MooiVallei Park. The stand is on a corner and has access on both sides (Kolgans & Finch Street). A brick fence surrounds the property, and access is via 3 motorised gates. The total floor area of the building is 508.8 m2. The property comprises a main 4-bedroom house with 2 bathrooms and 4 free-standing apartments sleeping 12. These apartments have their own facilities and entrances and generate approximately R 450,000 in annual income, presenting an investment opportunity with a 10-year payback. The apartments are currently used to accommodate European athletes between October and April, but can also accommodate students. All units have access to a heated pool & sauna. For safety, the property has an electric fence, 6 CCTV-monitored cameras, and an alarm system with 26 beams linked to a local security company. Three geysers ensure warm water is always available, and an 8 kWh solar system is installed to prevent inconvenience during power outages and, as an added benefit, reduce electricity costs. The 4 apartments are primarily used to accommodate European athletes from October to April. Students from North West University and their parents also prefer staying with us when they visit their children. These apartments are marketed as “Mooivallei Villa” and are listed on Lekkeslaap. See Mooivallei Villa in Lekkeslaap. Buildings (509 m2) - The main house consists of the following: *Bedroom 1 - 50m2 Main bedroom with built-in closets, air conditioner, ceiling fan, ensuite bath, shower, toilet and double basins. *Bedroom 2 - 12.2 m2 with a built-in closet, a ceiling fan, and a window facing East & the pool. *Bedroom 3 - 12.2 m2 with a built-in closet, a ceiling fan, and a window facing East & the pool. *Bedroom 4 - 12.2 m2 with built-in closet, ceiling fan, window facing East & to the pool. *Built-in Safe- 5.3 m2 strongroom with concrete ceiling and solid steel door. *Haulway- 9.9 m2, giving access to all rooms *2nd Bathroom- 4.5 m2, large bathroom with toilet and shower *Sunroom- 16 m2 with ceiling fan and PVC / IBR roof *Study- 7.3 m2 with ceiling fan and built-in closets *TV Room- 20.3 m2 with air conditioner *Living room- 18 m2 with air conditioner and ceiling fan *Kitchen- 15 m2 with eye-level oven and double washing basin *Laundry- 5.4 m2 with double washing basin *Apartments *Apartment 1 (115 m2) consists of the following (Sleep 5): -Bedroom 1-Built-in closets, ceiling fan, ensuite bath, shower & toilet. -Bedroom 2 - Large with ceiling fan. -TV Room & Living Room -Kitchen- Very large, ceiling fan, eye-level oven and double washing basin. -Own entrance with a carport for 2 cars -Large braai area under roof (15 m2) -Own garden *Apartment 2 (54 m2 + 6 m2 stoep) consists of the following (Sleep 3): -Bedroom 1 - Ceiling fan, shower & toilet. -TV Room & Living room with air conditioner -Kitchen- Very large, double washing basin. -Direct access to pool & sauna *Apartment 3 (37 m2 + 4 m2 stoep) consists of the following (Sleep 3): -Bedroom 1 - Ceiling fan, shower & toilet. -TV Room & Living room with air conditioner -Kitchen- Very large, double washing basin. -Direct access to pool & sauna *Apartment 4 (40 m2 + 4 m2 stoep) consists of the following (Sleep 2): -Bedroom 1 - Ceiling fan, air conditioner, shower & toilet. -TV Room & Living Room -Kitchen- Very large, double washing basin. -Direct access to pool & sauna *Domestic room (15 m2) Room with a shower, toilet and basin *Garages (54 m2) -3 x large and deep garages with motorised doors -4 x large & deep Shadenet ports in front of the garages and store *Other areas & spaces -Large pool with Heatpump -63 m2 store with garage door (25m x 2.5m) with roof -Sauna-2-person sauna between apartments 3 & 4. Next to the pool. -Borehole-Borehole connected to the irrigation system -8kVa SunSynk solar system -16m2 birdcage with Tiled roof Investment Opportunity: Self-catering accommodation The 4 apartments are used to accommodate European athletes between October and April. Students from North West University and their parents also prefer staying with us when they visit their children. These apartments are marketed as “Mooivallei Villa” and are listed on Lekkeslaap. On average, these 4 self-catering apartments generate R 450,000 in income and can be increased. The location is close to the University and the NWU High Performance Institute of Sport (HPI) Property Expansion: Currently, a 1-hectare empty property directly next to this one is for sale. This property can easily be converted into a small holding.

1 Kolgans Street, Mooivallei Park, Potchefstroom, North West

Area view — the exact address is shared on enquiry.

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