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This lovely property is located on the corner of Spencer Street and Coronation Road and offers an ERF size of 1054 sqm. This property offers a savvy investor the ability to invest in a versatile site with an income producing residential rental component along with an open yard component which provides the perfect opportunity to unlock huge potential.
The site currently has 8 full bedrooms along with 2 kitchens + ample toilets + a large double garage (easily converted into rooms) + a large yard of +- 370 sqm. This yard can be developed into residential spaces or simply rented out in its current form to a tenant. There is also a substantial front garden area which could be used as secure off street parking for tenants with quick alterations. The site as a whole also
offers great development possibilities down the line with the zoning of GR4 thus allowing a total bulk amount of 1581 sqm of rentable space.
Overall this property offers a versatile investment with a number of ways to unlock value and thus achieve great returns. Contact me to discuss this great opportunity or to view.
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