R1,700,000
R1,700,000
8 Bedroom Freehold For Sale in Montgomery Park
8
Bedrooms
7
Bathrooms
8
Parkings
Ref. RLS986497
Land 745.00m²
Monthly Repayment
R17,258.89
Alta-Marie Botha
Alta-Marie Botha Property Practitioner Seeff Randburg PPRA Registered | FFC 2023743381
Monthly Rates R1,490
Total R1,490

Prime Investment Opportunity: High-Yield Income Generator

Web Ref. RLS986497
This property is an ideal investment for anyone seeking a significant and consistent income stream. Perfectly designed for multi-tenant occupancy, it offers a diverse range of accommodation options that cater to various rental needs.

Accommodation Breakdown
The main house features five spacious bedrooms, all equipped with built-in cupboards, sharing four well-appointed bathrooms. This setup is perfect for communal living, such as student accommodation or co-living arrangements.

Adding to the income potential are three separate, self-contained flats. Each flat boasts an open-plan bedroom, a convenient kitchenette, and a private bathroom, all with their own separate entrance, ensuring privacy and independence for tenants.

Further enhancing the rental possibilities is an outside domestic room with a separate toilet, which can easily be utilized as an additional income-generating unit.

Key Features & Amenities
The property sits on a large erf (yard) that provides ample parking with a double carport and additional open parking for over 8 vehicles, a significant draw for multiple tenants. A covered patio offers a communal outdoor space. Practical additions include outside basins for washing, a thoughtful inclusion for residents. Each unit has its own pre-paid electricity meter.

Environmentally conscious and cost-effective, the property benefits from solar energy (on a rental contract) and gas geysers for hot water, reducing utility expenses for both the owner and tenants.

Location
Strategically located in a desirable area, the property offers easy access to a wide array of shopping, educational, and medical facilities/services. This prime location ensures high demand for rentals and convenience for all residents.

This property is a turn-key solution for investors looking for a robust income generator with diverse rental options and excellent amenities in a sought-after location.

Features

Interior
8 Bedrooms
7 Bathrooms
1 Kitchen
Fibre
Exterior
8 Parkings
3 Flatlets
Security
Sustainability
Gas Geyser
Sizes
Land Size 745 m²
Additional Amenities
24 Hour Access
24 Hour Response
Accommodation
Bachelor Studio
Built in Wardrobes
Burglar Bars
Communal
Courtyard
Curtain Rails
Domestic Bathroom Out Buildings
Driveway
Covered Patio
Dual Living
Extractor Fan
Fibre
Fireplace Room
Flatlet
Freestanding
Garden Flat
Gas Hob
Granite Tops
Outdoor Beams
Parquet Floors
Security Gate
Sliding Doors
Near Mini Bus Service
Shared Living
Solar Heating
Staff Quarters Domestic Rooms
Single Storey
Stove
Tiled Floors
Visitors Parking
Level Road
Flat Roof
Solar Panels
Gas Geyser

Montgomery Park, Johannesburg

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Finance

Monthly Repayment
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