Great Investment Opportunity In Sanddrift

Exclusive Listing | Offers From: R2 250 000

This property is an amazing investment opportunity with two dwellings on the erf. The main house offers 3-bedrooms with separate entrances for access. The layout has been well thought out as the property is currently being used as an investment property. Some of the rooms have small kitchenette's and they have been well equipped. The main house also has a kitchen which can be utilised for all your cooking needs. The bathrooms have bath and shower combos as well as a toilet.

Current rental income = R15 670 (+/- 8% yield)
Area average capital growth = +/- 5.5% per annum
Total ROI = +/- 13% per annum

This property also has an additional 3 rooms at the back of the house. The three rooms each have a sliding door which opens up onto a veranda area where you can hang up your washing or utilise the space to your liking. These rooms also have en-suite bathrooms to make it feel as if you are living in a studio apartment.

The property has ample amount of out door space which could be utilised and used as you'd like. Currently, there is parking for one car in the garage, four cars in front of the garage and one car parks on the sand area. Should the property be purchased for investment purposes, there is more than enough parking space to have a parking for each room that is available.

Sanddrift, is a charming neighbourhood which offers a serene escape from the hustle and bustle of city life while being just a short drive away from Cape Town's vibrant city centre. With its proximity to pristine beaches, shopping centres, and excellent schools, Sanddrift promises a balanced lifestyle that caters to both leisure and family needs. Moreover, its well-connected road networks provide quick access to major transport routes

1x Single Garage

Erf Size: ±546 SQM

Rates: TBC

Offers From: R2 250 000

Property Reference #: 6174400

Agent Details:
Quay 1 Property Specialist 44
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town