Significant opportunity on a spacious ERF.

Ref # 2276142
R5,900,000
Property Details
6 Beds
3.5 Baths
4,104m²

4000 square meters of land with a six-bedroom house, enough parking space for 20 cars, and the potential to convert into rental units.

Main House:

Perfect for a large family with extended relatives, this property features a generously sized open-plan lounge, dining room, and a well-equipped kitchen. Additionally, there is an entertainment room with a spacious paved patio, a large garden and a pool area with a built-in braai and storage facilities. The property also offers ample space for pets, including horses. The six bedrooms come with built-in cupboards, providing plenty of storage space.

Redevelopment:

If desired, the property can be rezoned for commercial or high-density purposes. The process of submitting the rezoning application typically takes 18-24 months for approval.

Potential Rental:

There is potential to convert the property into rental units, with the possibility of having eight two-bedroom units available for rent. Each unit could be rented out at a rate of R6000, resulting in a total potential rental income of R48,000.

The Main House divided into 2 can be rented out @ R12 000 each = R24 000

Total rental potential on the entire property of R70 - R80 000p/m estimate.

Joe Przygonski is a representative of Real Estate Power CC, T/A RE/MAX PREMIER, an Independently Owned and Operated franchise of RE/MAX SA.

Property Features
Property Type
House
Bedrooms
6
Bathrooms
3.5
Open Parking
20
Land Size
4,104m²
Costs and Terms
Available From
31 Jul 2024
Share this Property
Make an enquiry
Interested in this property? Please fill in your details below, and we will contact you as soon as possible.
By clicking on "submit" you agree to our privacy policy.
You may also be interested in these properties
R 5,995,000
6
4
3
556m²
House for sale in Claremont
Claremont Silver Mile Is Trending And Here Is A 6 Bed And 4 Bath North Facing Renovated Dream To Tickle Your Fancy!
6 bedrooms, 4 bathrooms, 3 garages, 1 open parking on 556 m² land in Claremont.
R 4,395,000
Reduced
5
4
3
400m²
4,104m²
House for sale in Schaapkraal
Escape City Life But Have The Convenient Access To All Amenities.
5-bedroom house on 4104m2 land, ideal for investment or family living, near Cape Town CBD. Potential for various developments.
R 4,350,000
5
3
3
230m²
495m²
House for sale in Rondebosch East
Prime Location Family Home In The Avenues
5 bedrooms, 3 bathrooms, 230 m² home with a second dwelling, 3 garages, and security features on 495 m² land.