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For Sale: 8 Bedroom 5 Bathroom Property Subdivided Into 4 Spacious Rental Flats- Make Fair Offer.

R 2,800,000

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FOR SALE: AN INVESTOR'S DREAM PROPERTY : PRICE REDUCED FROM R 3 200 000.00 TO R 2 800 000.00 With an initial investment of R 507 344.00 to secure this property, the investor would achieve an annualised gross value yield of 112% and an annualised net value yield of 23%. Hardly ever does a unique investment property such as this one come onto the market, offering 4 spacious rental flats located in a tranquil cul-de-sac, a mere 300 meters from the Kuils River Central Business District. This property offers a discerning investor a current monthly rental income of R32,557.00, which translates to an annual rental income of R386,684.00. In 2026, the monthly rental income will increase to R 35 704.00, which translates to an annual rental income of R 424 454.00. The property is currently fully let with financially stable long-term tenants. The 4 flats on this property come with the following facilities and layout. Unit 1 – 2 x Bedroom, Kitchen, Lounge, Full bathroom. 1 x Exclusive use outdoor area which is perfect for the keeping of pets - Unit 2–2 x Bedroom, Kitchen, Lounge, Full bathroom. Unit 3–1 x Bedroom, Kitchen, Lounge, Full Bathroom, 1 x Exclusive use outdoor area which is perfect for the keeping of pets. Unit 4–3 x Bedroom, Kitchen, Lounge, Dining Area, Full Bathroom, Guest Bathroom, 2 x Exclusive use outdoor areas which are perfect for keeping pets. All the units boast the following infrastructure elements: Each unit has its own electricity sub-distribution board. A prepaid water meter is installed in each unit. A pre-paid electricity meter is installed in each unit. Each unit has its own private entrance. Each unit has its own dedicated washing lines. All bedrooms have built-in cupboards installed. All bedrooms have laminated floors installed. All rooms have curtain rods installed on all windows. Each unit has its own Geyser installed. All entrances have modern awnings installed. All kitchens have built-in cupboards. All kitchens have stoves installed. In addition, the property comes with: 8 secured parking areas behind 3 sets of sliding gates that can be opened individually This property presents an opportunity for multi-use in the future as either a guest house / Airbnb or a day care and after-care center, or for student housing in view of its proximity to the Kuilsriver CBD or as a business premise such as offices or a Medical Practice. Whether you're looking to expand your investment portfolio or capitalise on the high demand for shared housing, this property is an excellent opportunity to bring into your portfolio. Its prime location and unique features render itself a must-see for any investor. A detailed property information spreadsheet will be emailed on request: Submit email request to josephbruintjies@gmail.com or WhatsApp 082 499 8518. Property is sold exclusively by the owner. Regrettably no Estate Agents. .