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Income-Generating Freestanding Property with Investment Potential in Manaba
R 2,250,000
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3 months ago61 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):4
Bathrooms (#):4+
Parking:Garage
Description
Nestled in the charming neighborhood of Manaba, this expansive freestanding property presents an enticing opportunity for investors seeking lucrative returns through rental income.
The main house, although spacious, requires some tender loving care to restore its full potential. Situated on a generous plot of land, the property boasts a massive yard and an impressive six garages, providing ample space for parking and storage.
In addition to the main house, the property features two separate flats, each offering rental potential. The first flat comprises a comfortable one-bedroom layout with a kitchen and lounge area, ready to accommodate tenants seeking cozy living quarters.
While the second flat requires some attention in terms of TLC and cleaning, it presents an excellent opportunity for renovation and enhancement, adding further value to the property.
With its prime location and potential for rental income, this property is a promising investment opportunity awaiting the right buyer. With a little TLC and investment, it has the potential to yield significant returns and become a lucrative asset in your portfolio.
Don't miss out on the chance to capitalize on this investment opportunity in Manaba. Schedule a viewing today to explore the possibilities and unlock the full potential of this property.
Contact us now to arrange a viewing and take the first step towards securing this promising investment opportunity.
Property Reference #: PTR1067
Agent Details:
Pieter Kruger
PropertyTime
Umtentweni
The main house, although spacious, requires some tender loving care to restore its full potential. Situated on a generous plot of land, the property boasts a massive yard and an impressive six garages, providing ample space for parking and storage.
In addition to the main house, the property features two separate flats, each offering rental potential. The first flat comprises a comfortable one-bedroom layout with a kitchen and lounge area, ready to accommodate tenants seeking cozy living quarters.
While the second flat requires some attention in terms of TLC and cleaning, it presents an excellent opportunity for renovation and enhancement, adding further value to the property.
With its prime location and potential for rental income, this property is a promising investment opportunity awaiting the right buyer. With a little TLC and investment, it has the potential to yield significant returns and become a lucrative asset in your portfolio.
Don't miss out on the chance to capitalize on this investment opportunity in Manaba. Schedule a viewing today to explore the possibilities and unlock the full potential of this property.
Contact us now to arrange a viewing and take the first step towards securing this promising investment opportunity.
Property Reference #: PTR1067
Agent Details:
Pieter Kruger
PropertyTime
Umtentweni
Id Subtitle 1263174553
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Estimated monthly repaymentR 24,384
Total property loan amountR 2,250,000
Total interestR 3,602,019
Total repaymentR 5,852,019
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Selling for 3+ years
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