8 Bedroom House for sale in Mthatha Rural

We are pleased to introduce an excellent investment opportunity for township property developers in Zimbane, a highly sought-after peri-urban area in rural Mthatha located near the Zama Zama Hardware store. Known as the "Student Village" of Mthatha, Zimbane is surrounded by a university, a TVET college, and multiple high schools. It features a vibrant atmosphere that attracts students, as well as working-class tenants drawn to the area's safety and close proximity to the Mthatha CBD. At Thamelo Properties, we are dedicated to empowering communities through affordable land ownership and transforming the rural and township real estate markets. This property has clear ownership with no discrepancies, as it is being sold by an elderly owner preparing for retirement. Property Features: - 8-room flat - Individual prepaid electrical boxes in each room - Water tank - Burglar gates and windows - Ceilings installed throughout The property is in semi-good condition and requires only minor renovations. It is ideally located for landlords looking to build or expand, offering easy access to public transportation despite not being on a tar road. Once renovated and occupied, the property has a rental potential of R4,000 per month. Thamelo Properties can assist you with tenant sourcing and management. Important Considerations: - Cash Only: Please note that major banks do not fund rural properties; this must be a cash transaction. - Additional Costs: The buyer will be responsible for transfer costs and attorney fees. Please let us know if you would like to schedule a viewing or require further details.