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Lucrative Investment Opportunity in Maitland
R 4,895,000
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General Details
Description
Essential Investment - Ideal for development - Exclusive listing | Asking R4 900 000
Welcome to your next investment venture at the prime intersection of Spencer Street and Coronation Road. This expansive property boasts a generous ERF size of 1054 sqm, providing ample space for both residential and potential income-generating ventures.
For the discerning homeowner-investor, this property offers a multitude of possibilities. Currently featuring 8 spacious bedrooms, 2 fully equipped kitchens, ample toilets, and a large double garage which can effortlessly be transformed into additional living spaces, this property is primed for customization to suit your needs.
Beyond its existing layout, the property includes a sizable yard of approximately 370 sqm, presenting an opportunity for further development or rental income. Whether you choose to develop the yard into additional residential units or maintain it as a lucrative rental space, the potential for profit is substantial.
Moreover, the property's GR4 zoning opens the door to future development endeavors, allowing for a total bulk amount of 1581 sqm of rentable space. This means that not only does this property offer immediate income opportunities, but it also holds promising prospects for long-term growth and expansion.
Unlock the full potential of this investment gem and reap the rewards of strategic property ownership. Don't miss out on this exceptional opportunity to secure your financial future. Contact us today to explore this unparalleled investment prospect or to schedule a private viewing.
Rates: TBC
Parking: 8 +
Size: 1054
GR4
Property Reference #: 6354570
Agent Details:
Quay 1 Property Specialist 5
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Welcome to your next investment venture at the prime intersection of Spencer Street and Coronation Road. This expansive property boasts a generous ERF size of 1054 sqm, providing ample space for both residential and potential income-generating ventures.
For the discerning homeowner-investor, this property offers a multitude of possibilities. Currently featuring 8 spacious bedrooms, 2 fully equipped kitchens, ample toilets, and a large double garage which can effortlessly be transformed into additional living spaces, this property is primed for customization to suit your needs.
Beyond its existing layout, the property includes a sizable yard of approximately 370 sqm, presenting an opportunity for further development or rental income. Whether you choose to develop the yard into additional residential units or maintain it as a lucrative rental space, the potential for profit is substantial.
Moreover, the property's GR4 zoning opens the door to future development endeavors, allowing for a total bulk amount of 1581 sqm of rentable space. This means that not only does this property offer immediate income opportunities, but it also holds promising prospects for long-term growth and expansion.
Unlock the full potential of this investment gem and reap the rewards of strategic property ownership. Don't miss out on this exceptional opportunity to secure your financial future. Contact us today to explore this unparalleled investment prospect or to schedule a private viewing.
Rates: TBC
Parking: 8 +
Size: 1054
GR4
Property Reference #: 6354570
Agent Details:
Quay 1 Property Specialist 5
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Id Subtitle 1269767788
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Estimated monthly repaymentR 53,048
Total property loan amountR 4,895,000
Total interestR 7,836,391
Total repaymentR 12,731,391
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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Quay1 International Realty
Selling for 2+ years
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