Versatile Multi-Unit Investment Opportunity with Excellent Income Potential
WHY TO BUY
- Approximately 19 letting roomsunits
- Established multi-let residential investment
- Dedicated caretaker accommodation
- Gross rental potential of approximately R47,100 per month
- Rental potential of approximately R45,500 per month excluding the caretaker room
- Multiple individual rental streams from one property
- Attractive option for investors looking for residential income
- Good portfolio diversification opportunity
- Suitable for investors seeking a high-density rental property
- Established rental structure already in place
- Opportunity to own multiple letting spaces under one title
- Ideal addition to an existing property investment portfolio
- Strong long-term income potential
- Located in Bellevue East
Situated at Hunter Street, Bellevue East, this property presents an attractive opportunity for an investor looking to acquire an established multi-let residential asset.
The property comprises approximately 19 letting roomsunits, including dedicated caretaker accommodation, providing an investor with multiple rental streams from a single property.
The property offers a gross rental potential of approximately R47,100 per month. Should the designated caretaker room continue to be used as rent-free accommodation, the rental potential available to an investor is approximately R45,500 per month.
Individual rooms and units have scheduled rentals ranging from approximately R1,600 to R3,000 per month, depending on the accommodation.
With its multi-let configuration and substantial monthly rental potential, this property offers an appealing opportunity for investors seeking income diversification across multiple residential units within one investment.
An excellent addition to a residential investment portfolio, offering established accommodation and attractive income potential in Bellevue East.
Contact us today to arrange a viewing and discover the investment potential this property has to offer.
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DORICEL PTY LTD trading as REMAX Superior Mulbarton operates in terms of a franchise agreement with REMAX of Southern Africa.