LOVELY ERF WITH LOADS OF POTENTIAL FOR EXTENSION
The house is currently being tenanted by 5 tenants (each with their own room) and the total potential rental income is R17 000 per month when fully let
Plans have been drawn up for an additional 3 rooms, but not submitted to council, should the new owner wish to extend the current multi letting of 5 tenants to 8 tenants to earn a bigger income of nearly R27 000 per month
This home was originally built back in 1967 and still has its original parquet flooring and spacious bedrooms
The kitchen is spacious with ample built-in cupboards and a built-in stove
The rest of the home features a dining room / open plan lounge with a dry wall separating the two areas of which the lounge has been converted into a bedroom
3 bedrooms and one full
family bathroom, with a separate toilet is located at the back of the house
The original garage has been converted into a large bedroom big enough to accommodate 2 big beds, tiled and the dry wall has been added behind the original garage door.
Outside is a spacious yard with enough space for pets and children to play
This home is secured with burglar bars, safety gates and an alarm system not currently being utilized
Fibre Ready and Connected
It is well located and close to amenities such as Cape Gate Shopping Centre and Cape Gate Medi Clinic and local high schools and primary schools
Pre-qualified buyers are welcome to book their private viewing
Read more...
