ACCEPTING OFFERS FROM R930 000.00

COMMERCIAL RIGHTS AND MULTIPLE RENTAL SPACES
A PROPERTY DESIGNED AROUND INCOME POTENTIAL

If you are looking for an investment property that offers more than a conventional residential setup, this property presents an exciting opportunity with commercial rights, multiple rental spaces and an established room rental configuration.

Registered with the municipality as a commercial property with established business rights, the property is currently utilised as a room rental property and has been configured to accommodate several individual tenants.

The main residence has been divided into multiple rental rooms, creating the potential for several rental income streams from one property. Each room has its own prepaid electricity meter, allowing tenants to manage and pay for their individual electricity consumption.

The property includes two communal bathrooms. The first bathroom is fitted with a bath, toilet and basin, while the second bathroom offers a shower, toilet and basin.

The existing garage has been converted into an open plan rental space, providing an additional accommodation option and further rental potential.

There is also a separate outside room arranged as an open plan one bedroom living space with its own bathroom. This additional unit offers greater privacy and may appeal to a tenant looking for more independent accommodation.

An established tenant setup adds further appeal. Current tenants have indicated an interest in renewing their rental agreements with the new owner should the purchaser wish to continue with the existing rental arrangement. Any future rental agreements will remain subject to the applicable terms, negotiations and purchaser requirements.

PROPERTY FEATURES

Commercial registration with the municipality

Established business rights

Multiple individual rental rooms

Prepaid electricity meters for individual rooms

Two communal bathrooms

Converted garage providing an additional rental space

Separate one bedroom outside unit with bathroom

Existing tenants

Potential for lease renewals

Electric gate

Burglar bars

Driveway and parking

Courtyard

Freestanding property

Fibre connectivity

Convenient location

A PROPERTY WITH MULTIPLE POSSIBILITIES

The combination of commercial rights, multiple rental spaces and an existing room rental configuration makes this property an interesting option for investors seeking an income generating asset.

Rather than relying on one residential tenant, the current configuration provides multiple accommodation spaces within one property, offering the potential for several rental income streams.

The purchaser can consider continuing with the existing rental model or investigate other permitted uses that may be suitable for the property, subject to municipal requirements, zoning provisions and all applicable regulations.

ACCEPTING OFFERS FROM R930 000.00

Previously marketed at R1,050,000.00, the seller is now accepting offers from R930 000.00.

All serious offers will be considered.

If you are looking for a property with commercial rights, established rental spaces and the potential for multiple income streams, this property is well worth considering.

Contact Team Waggie at Harcourts Blue to arrange your private viewing and explore the possibilities this investment property has to offer.