Investment property, cash positive day one, double stand to sell or develop later

Set in Eastleigh Ridge behind the booms, in ever popular Columbus Avenue you will find a sound, cash positive investment property with a monthly income of R44 150.00. Additionally the property is a double stand. The second undeveloped stand can be sub-divided and sold or held for future development and additional income. A significant number of the double stands in Columbus Avenue have been sub divided with the extra stand being sold.

The current first stand development consists of:

One three bedroom house with two bathrooms
Five garden cottages with one bedroom, lounging areas, bathroom and kitchens

There is a pretty garden with a communal swimming pool and sufficient parking for all residents.

All units have been set up with prepaid water and electricity.

This property is 100% freehold so there are no levies. Accepting offers from R3.6M The house and all units were recently renovated and are fully let.

Please contact me for your private viewing appointment.

Disclaimer: Lifestyle Property Group has tried to ensure that all representations contained in this advertisement are accurate but provide no guarantee whatsoever. The representations herein have not been compiled to meet the Purchaser’s individual requirements, and it remains the Purchaser’s sole responsibility to inspect the property duly prior to entering into any purchase agreement. The representations herein do not constitute the terms of sales as the images and descriptions are merely indicative. LPG assumes no responsibility for any errors, and we reserve the right to correct/change/update the advert at any time without prior notice.