11 Bedroom House For Sale in Richards Bay

Property description

Calling all investors! This property presents an excellent opportunity to generate rental income, with some TLC needed to unlock its full potential and make it your own.

The property currently offers the following rental opportunities:

Main House – Upstairs:
• 3 separate rooms currently vacant
• Combined potential rental income of R7,500 per month

Main House – Downstairs:
• 1 separate room currently generating R2,500 per month
• An additional room has the potential to generate approximately R2,000 per month once tenanted

Outside Building:
• 5 bachelor units, each with an en-suite
• Currently generating a combined rental income of approximately R15,000 per month

Current Rental Income: Approximately R17,500 per month

Potential Rental Income: Approximately R27,000 per month once all vacant rooms are tenanted.

The property also offers ample parking space, making it an attractive opportunity for tenants and investors.

With some TLC and the right improvements, this property has excellent potential to become a strong income-generating investment.

Don’t miss out on this great investment opportunity. Contact me today to arrange a viewing and explore the potential this property has to offer.