This freehold property in Protea Park offers a combination of a spacious main house and multiple rental units, making it an attractive investment opportunity. Here are the key features and benefits of this property:
Main House Features
• Bedrooms: 4 bedrooms providing ample space for a family.
• Living Areas:
• Big TV Room: A large space for entertainment and relaxation.
• Dining Area: Spacious enough for family meals and gatherings.
• Bathrooms: 2 bathrooms equipped for convenience.
• Kitchen:
• Family Gathering Kitchen: Vintage look with a cozy, welcoming atmosphere.
• Scullery and Pantry: Extra space for storage and kitchen tasks.
• Entertainment:
• Two Lapas: Outdoor covered areas for social gatherings and relaxation.
• Entertainment Area: Ideal for hosting friends and family.
Additional Rental Units
• Flatlets:
• 3 separate flatlets, each featuring:
• 2 bedrooms
• A kitchen
• A bathroom
• Potential for a Bachelor Flat: An additional unit that can be rented out.
Income Potential
• Monthly Income: Approximately ZAR 20,000 from renting out the flatlets and potentially the bachelor flat.
Utility Features
• Stoves: 3 out of 4 stoves are gas, reducing electricity costs.
• Water Supply:
• Borehole: Ensures a reliable water source.
• Irrigation System: Maintains the garden efficiently.
• Pressure Pump and 2000L JoJo Tank: Provides water storage and pressure regulation.
• Geysers: 4 geysers ensuring hot water availability.
• Electricity: 2 prepaid meters for easier management of electricity usage.
Parking
• Covered Parking: 7+ spaces, protecting vehicles from the elements.
• Open Parking: 5+ additional spaces for guests or tenants.
Investment Benefits
• Diversified Income: Rental income from multiple units reduces risk.
• Self-Sufficiency: Water supply systems reduce dependency on municipal water.
• High Demand: The variety of units caters to different tenant needs, from families to singles.
• Attractive Features: Entertainment areas and vintage kitchen appeal to potential tenants.
Summary
This property in Protea Park is a versatile investment offering a comfortable main house for an owner-occupier or primary tenant and several rental units generating steady income. The combination of ample living space, practical utility features, and attractive entertainment options makes it a desirable property for both investors and residents. The expected monthly income of around ZAR 20,000 adds to its appeal, promising good returns on investment.