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Westgate, Westgate, Pietermaritzburg, KwaZulu-Natal
R 950 000
An exceptional investment awaits the discerning buyer in the sought-after suburb of Westgate. This property has been thoughtfully converted to accommodate nine bachelor units, each fitted with built-in cupboards, generating a combined monthly rental income of approximately R19,000. The main house offers four well-proportioned single rooms, a fully fitted kitchen with stove, and a spacious common lounge area. Residents benefit from separate bathroom and toilet facilities, while the entire home is finished with durable, low-maintenance tiling throughout. Electricity is prepaid for easy budgeting Adding further value, the outside building comprises five single rooms, all of decent size and fully tiled with built-in cupboards. One of these rooms is fitted with its own ensuite bathroom, while the remainder share a separate bathroom and toilet. Parking is well catered for, with a single lock-up garage and shade parking for up to four vehicles, all securely positioned behind a newly built perimeter wall with dual entrances. This versatile property presents a rare chance to secure a high-yield, multi-tenant investment in Pietermaritzburg, ideal for buyers seeking consistent rental returns and long-term growth potential.
Estimated monthly repayment
R 8 971
on a R 855 000 bond over 20 years at 11.25%
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Westgate, Westgate, Pietermaritzburg, KwaZulu-Natal
Listed by
Karabo Le Roux
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