Nestled on the sought-after Benbow Street in Kensington, this remarkable residential and commercial property presents an extraordinary investment prospect that promises both immediate returns and substantial growth potential. Situated across four expansive stands of property, this multifaceted gem boasts an array of features that make it an income-generating powerhouse.
Property Highlights:
Diverse Income Streams: This property showcases a total of 15 diverse apartment units, each offering a unique layout and size. These units cater to a wide range of potential tenants, from individuals to families, ensuring a consistent stream of rental income.
Parking Abundance: With ample parking spaces available, tenants and visitors can enjoy the convenience of hassle-free parking. This not
only enhances the overall tenant experience but also increases the property's attractiveness to potential renters.
Expansion Opportunities: The property's expansive layout provides a canvas for future expansion. Investors have the flexibility to further develop the property and add more units or amenities, unlocking additional income potential in the long run.
Modern Amenities: The inclusion of prepaid meters for both electricity and water allows for efficient management of utility usage. This not only benefits tenants by giving them control over their consumption but also helps maintain a streamlined and transparent billing process.
Security and Access Control: The electric access gate ensures the security and privacy of the property's residents. This feature adds to the overall appeal of the property, especially for those seeking a secure living environment.
Income Potential:
Generating an impressive net monthly income of 70,000 South African Rands, this property is a substantial revenue generator. The diversified unit sizes cater to varying market demands, while the existing tenant base contributes to the consistent rental cash flow.
Location Advantages:
Positioned on Benbow Street in Kensington, this property enjoys the benefits of a well-established and convenient location. Proximity to essential amenities, schools, shopping centers, and public transport routes enhances its appeal to potential tenants, ensuring a steady demand for housing in the area.
Conclusion:
In the realm of real estate investments, this residential and commercial property stands out as a golden opportunity. Its strategic location, substantial income potential, ample parking, and expansion options make it a rare find. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a promising investment, this property on Benbow Street in Kensington holds the promise of both immediate returns and long-term prosperity. Seize this chance to secure your foothold in a thriving and dynamic real estate market.
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