Property description
An outstanding investment opportunity in Fairland, situated on a substantial 2,974 m² stand and offering multiple existing residential units together with the potential for further expansion.
The property currently comprises four separate homes/cottages, plus an additional building that has the potential to be converted into a further three residential units.
With an estimated potential rental income of approximately R80,000 per month, this property offers an attractive opportunity for investors looking for multiple rental income streams from a single property.
Property Features
• Stand size: 2,974 m²
• 4 existing homes/cottages
• Additional building with the potential to create 3 more residential units
• 5 Garages
• Domestic quarters
• Storeroom
• Swimming pool
• Borehole
• Pressure pump
• Water storage tank
Unit 1
• 3 Bedrooms
• 2 Bathrooms
• Kitchen
• Lounge
• Dining room
Unit 2
• 2 Bedrooms
• Bathroom
• Kitchen
• Lounge
Unit 3
• Large kitchen
• Lounge
• Dining room
• Storeroom
• Dressing room
• Covered patio
• Bathroom
Unit 4
• 4 Bedrooms
• Bathroom
• Kitchen
• Lounge
• Dining room
Potential for 3 Additional Residential Units
An additional building on the property offers the potential to be converted into three further residential units.
This could increase the property to a potential seven residential units, providing an investor with the opportunity to maximise the property's rental income potential.
Investment Potential
Selling Price: R4,950,000
Potential Monthly Rental Income: Approximately R80,000
Potential Annual Gross Rental Income: Approximately R960,000
Potential Gross Rental Yield: Approximately 19.4% per annum
The potential rental income and gross yield are estimates and may vary depending on occupancy, achieved rentals, operating expenses and the final configuration and approval of the additional units.
With its substantial 2,974 m² stand, four existing residences, potential for three additional residential units, five garages, borehole and water storage system, this property presents an exciting opportunity for an investor seeking income generation together with further growth potential.
A rare Fairland investment opportunity offering multiple income streams and exceptional potential – contact us to arrange a private viewing.
- Flatlet
- Pool
- Study
- Staff Accommodation
- Pets Allowed
- Fibre Internet
- Uncovered Parking
- Garden
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
