35 Bedroom House For Sale in The Hill, Johannesburg

Property description

Unique residential / rental / business / investment opportunity
There is nothing else quite like this, anywhere else in Johannesburg South
A massive multi-dwelling compound offering outstanding rental investment returns. Opportunity for both residential / rental, as well as rental / business

The full compound, effectively consisting of three separate properties and measuring a total of 2600 square meters in total, is available as a combined package, offering a variety of business and/or rental investment options
Across the eight separate dwellings and five additional self-contained rental suites:

1. MAIN HOME (FIRST SECTION OF THE COMPOUND)
Over 800 square meter stand, well maintained and very well secured
Double garage and double carport
Swimming Pool
Spacious additional outside room, leading off of double garage, with plumbing. Ideal for cost-effective conversion into additional rental investment suite
Spacious lounge and separate diner, additional small reception room and separate office
Spacious, well-fitted kitchen with separate laundry
Three spacious bedrooms, the main with bathroom en-suite. With a second full bathroom
Additional outside rental suite with private bathroom

2. GUEST HOUSE (SECOND SECTION OF THE COMPOUND)
Over 800 square meter corner stand, well maintained and very well secured
Also well-suited for potential business use, with corner-stand visibility
Lots of additional space within the stand. For parking or extended development
Spacious home with large kitchen and separate laundry/breakfast area, massive double-lounge and separate dining area
Three big bedrooms. All with en-suite/private bathrooms
Four outside, self-contained, rental suites, with kitchenette space and private bathrooms

(THIRD SECTION OF THE COMPOUND)
3. SIMPLEX NUMBER 1
3 Bedrooms, 2 bathrooms, lounge and dining room, kitchen, single garage, sliding door opening up on to a small private garden, additional covered carport

4. SIMPLEX NUMBER 2
3 Bedrooms, 2 bathrooms, lounge and dining room, kitchen, single garage, sliding door opening up on to a small private garden

5/6. DUPLEX NUMBERS 1 & 2
Both units have 3 bedrooms, 2 bathrooms, open plan lounge and dining room, kitchen, sliding door leading out on to a small private garden, double carports with an additional parking space

7/8. DUPLEX NUMBERS 3 & 4
Both units have 3 bedrooms, 2 bathrooms, open plan lounge and dining room, kitchen, sliding door leading out on to a small private garden, double carports with an additional parking space

Precinct neatly developed, with four separate vehicle entry points off of separate streets
The complete compound/development extends to three streets of an entire block. And offers a current, reasonably-estimated monthly rental income of between R85 and R90k per month – without the numerous additional, cost-effective extensions, etc available to the right investors

The compound is directly across the road from The Hill High School. Further increasing its very good rental potential. And is also well located towards the top end of The Hill. Within reasonable proximity of various shopping areas, etc

Asking: R5 950 000