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3 Bedroom Guest House For Sale in Highbury

R1,800,000


Monthly Bond Repayment R18,274.12
Calculated over 20 years at 10.75% with no deposit.

Web Ref No DPR19709

Investment Property in Highbury

Situated in the tranquil area of Highbury, this expansive 4,000m² property offers a lucrative investment opportunity with significant rental income potential. The property comprises a main house and 11 separate rental units, with three additional one-bedroom apartments currently under construction. All structures have approved building plans, ensuring compliance with local regulations. The main house can be utilized as additional rental space or as accommodation for the owner or a property manager, providing flexibility to suit various investment strategies.

While the buildings are structurally sound, minor cosmetic improvements such as tile repairs and painting are needed to enhance their appeal. Beyond the existing structures, the property boasts ample undeveloped land, presenting opportunities for further expansion. Potential developments include additional rental units, storage facilities, or small-scale agricultural ventures, each capable of increasing the property's income-generating capacity. This property is ideal for investors seeking a solid foundation with room for growth in a serene setting. Don't miss out on this exceptional opportunity—contact us today to arrange a viewing.

Features

Bedrooms 3
Security Yes
Bathrooms 1
Flatlet 11
Recep. Rooms 1
Land Size 4,047m²
Carports/Parkings 2
Pets Allowed Yes
Monthly Rates R2,000.00

Agent Contact Details

Reghardt Van Staden
Meyerton

Cell 074 969 5973
Office (016) 0042352
WhatsApp Me
Divan Booyens
Meyerton

Cell 079 022 9922
Office (016) 0042352
WhatsApp Me

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