- 8
- 5
- 804.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 1400.00
Property description
RE/MAX proudly presents this exceptional investment opportunity in the sought-after suburb of Redhill.
Whether you're an investor looking for immediate rental income or a homeowner seeking a property that generates passive income, this versatile property offers outstanding value. With existing lease agreements already in place, you can enjoy a steady rental return from day one.
Conveniently located close to schools, shops, public transport, and other essential amenities, the property also offers easy access to the R102 North Coast Road.
The property comprises:
A spacious double-storey main house featuring 3 well-sized bedrooms, a kitchen, lounge, dining room, and bathroom.
Two large outbuildings, offering 6 and 8 bedrooms respectively. Both outbuildings include communal kitchens, bathrooms, and lounges shared by the tenants.
The property currently generates an impressive rental income of approximately R40,000 per month. All tenants have valid lease agreements in place and will remain on the property, providing the new owner with an immediate, hassle free income stream.
This is a rare opportunity to own a property that combines comfortable family living with excellent investment potential. Whether you choose to live in the main residence while earning passive income or continue operating it as a fully tenanted investment, this property offers exceptional returns.
Don't miss out on this income-generating gem in the heart of Redhill. Contact us today to arrange a viewing.
Property Details
- 8 Bedrooms
- 5 Bathrooms
- 2 Lounges
- 1 Dining Area
Property Features
- Balcony
- Patio
- Staff Quarters
- Storage
- Pets Allowed
- Access Gate
- Kitchen
- Guest Toilet
- Paving
| Bedrooms | 8 |
| Bathrooms | 5 |
| Erf Size | 804.0 m2 |
Contact the Agent
Caleb Churman
Full Status Property Practitioner
