Versatile Freestanding Property with Development Upside
A rare opportunity to acquire a large freestanding property offering immediate rental income together with future development potential. Situated on a generous 794sqm erf and zoned GR2, this versatile asset is currently fully let as student accommodation with 7 individual leases in place, professionally managed by Revo Asset Management.
The property combines strong existing cash flow with long-term upside, making it ideal for investors looking to secure a well-positioned income-generating asset in a high-demand rental area.
The home is fully enclosed with access via a garage door and pedestrian entrance, leading through a neat landscaped front garden to the welcoming front stoop. Inside, a long passageway connects three spacious bedrooms and a bathroom, while the high ceilings and character features create a sense of charm and space throughout.
Towards the rear of the home is a modern kitchen fitted with built-in cupboards, stove, oven and extractor fan. The kitchen flows into a large dining area comfortably accommodating a 6-seater dining table, with double doors opening onto a private paved courtyard.
The rear wing of the property offers an additional two bedrooms and second bathroom, while upstairs features two loft-style bedrooms with oversized skylights, beautiful Devil’s Peak views, a kitchenette, bathroom and study area with a separate entrance. The current configuration lends itself perfectly to multi-tenant accommodation.
Externally, the property offers a substantial paved yard with parking for 10 or more vehicles — a rare and valuable feature in the area.
The property combines strong existing cash flow with long-term upside, making it ideal for investors looking to secure a well-positioned income-generating asset in a high-demand rental area.
The home is fully enclosed with access via a garage door and pedestrian entrance, leading through a neat landscaped front garden to the welcoming front stoop. Inside, a long passageway connects three spacious bedrooms and a bathroom, while the high ceilings and character features create a sense of charm and space throughout.
Towards the rear of the home is a modern kitchen fitted with built-in cupboards, stove, oven and extractor fan. The kitchen flows into a large dining area comfortably accommodating a 6-seater dining table, with double doors opening onto a private paved courtyard.
The rear wing of the property offers an additional two bedrooms and second bathroom, while upstairs features two loft-style bedrooms with oversized skylights, beautiful Devil’s Peak views, a kitchenette, bathroom and study area with a separate entrance. The current configuration lends itself perfectly to multi-tenant accommodation.
Externally, the property offers a substantial paved yard with parking for 10 or more vehicles — a rare and valuable feature in the area.
Monthly Rates
R1,900
Features
Interior
Exterior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Revo Property website is accurate and up to date, Revo Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
