Unparalleled Investment Opportunity in Prime Benoni AH Location

R 8,500,000

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General Details
Location:
For Sale By:Agency
Description
This remarkable property, boasting a sprawling hectare stand in a sought-after Benoni AH location, presents a unique and versatile opportunity for investors and discerning property owners.

Main House:

5 spacious bedrooms, each with its own private exit to the landscaped gardens, offering potential for conversion to a student boarding house with a separate entrance.
3 full bathrooms, ensuring comfort and convenience.
2 inviting dining areas, perfect for entertaining.
A large kitchen overlooking a spectacular swimming pool and expansive patio entertainment area with a built-in lapa, creating a seamless flow between indoor and outdoor living.
Additional Features:

1-bedroom flat ideal for a granny flat or additional rental income.
3 converted bedrooms with individual showers and toilets, previously used as classrooms, offering potential rental income or additional living space.
7 wendy houses, previously utilized as classrooms, providing further income potential or flexible living space.
4 well-maintained horse stables with a tack room, perfect for equestrian enthusiasts or potential conversion for other uses.
Separate bathrooms conveniently located for potential conversion to a double-volume warehouse for light industrial use, with the potential to generate rental income of R15,000 per month.
2 income-generating rental units:
Unit 1: 3 bedrooms, 2 bathrooms (currently generating R10,000 per month).
Unit 2: 1 bedroom, 1 bathroom (currently generating R7,000 per month).
High-powered borehole providing water for the entire property.
Septic tank for wastewater management.
Zoned for educational purposes, offering the potential for a school, college, or training facility.
Ample space suitable for conversion into a guest house, boarding house, or wedding venue with on-site accommodation.
This exceptional property offers a multitude of possibilities, catering to various needs and investment aspirations. Contact us today to schedule a viewing and explore the immense potential this remarkable property holds.
1 Entrance Hall
1 Kitchen
1 Lounge
1 Laundry
2 Dining Room
1 Pantry
1 Study
1 Family Room
5 Bedroom
2 Bathroom
1 Staff quarters
7 Carport
3 Granny Flat
3 Garage
1 Pool

# Parking: 3
Rates And Taxes: 3184
Property Reference #: 4186

Agent Details:
Emilia Nel
Thusanong Property Solutions
153 Monument Road,Aston Manor.Kempton Park,1619
Kempton Park

Id Subtitle 1273803073
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Estimated monthly repaymentR 92,116
Total property loan amountR 8,500,000
Total interestR 13,607,625
Total repaymentR 22,107,625
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Thusanong Property Solutions
Selling for 7+ years
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