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FIXER-UPPER WITH EXCELLENT INCOME POTENTIAL – MULTIPLE DWELLINGS & STAFF ACCOMMODATION
On Show: 30 SEP
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The Orchards, Akasia · 94 Koos Prinsloo street

FIXER-UPPER WITH EXCELLENT INCOME POTENTIAL – MULTIPLE DWELLINGS & STAFF ACCOMMODATION

R 2 199 000

7

Bedrooms

About this property

ON SHOW BY APPOINTMENT ONLY!!!!! This property in Orchards presents an exciting opportunity for investors, developers, or buyers looking for a property with strong income-generating and redevelopment potential. Originally designed as a 3-bedroom family home with 4 bathrooms, the property has been converted and reconfigured with drywalling to create additional bedrooms and accommodation. The main house can currently accommodate approximately 11 people, while the property also offers two separate 2-bedroom flatlets, each with its own bathrooms. In total, the property offers substantial accommodation potential and could be ideal for staff accommodation, contractor housing, corporate rentals or an investment rental property, subject to the necessary approvals and compliance requirements. The property further offers: Main house with 3 bedrooms and 4 bathrooms PREPAID ELECTRICITY Converted accommodation with approximately 11-person capacity Two 2-bedroom flatlets PREPAID ELECTRICITY Four bathrooms serving the flatlets Swimming pool Spacious lapa/entertainment area Ample parking for multiple vehicles Large property with excellent potential Existing layout that can be redesigned or modernised The property does require significant maintenance and refurbishment, making this an ideal fixer-upper for someone with vision who can renovate, modernise and unlock the property's full potential. Another attractive option is to convert the property into high-quality staff accommodation for employees of major manufacturing and automotive companies in the Pretoria/Gauteng region, potentially creating a strong rental-income opportunity. With the right renovations and management, this property could be transformed into a highly functional corporate accommodation or multi-income investment property. A property with plenty of space, multiple accommodation options and significant potential for the right investor. BUILDING PLANS NOT UPDATED (For the Buyers) ALARM SYSTEM Maximum CCTV /CAMERAS 8 4 Aircons

Features

Bedroom × 7GardenKitchenOut Building × 2PoolParking × 6Temperature Control

Erf size

832 sqm

Floor size

353 sqm

Rates

R 1220/mo