13 Bedroom House For Sale in Reservoir Hills

13Bedrooms
10Bathrooms
452 m²

Features

  • Security
  • Swimming Pool
  • 2 Garages
  • 2 Carports
  • Pets Allowed

Rates & Levies

Monthly RatesR1,150

Exceptional Student Accommodation Investment Opportunity in Palmiet

An exceptional investment opportunity offering immediate rental income and outstanding long-term growth potential. Situated in an area predominantly occupied by student accommodation, this versatile and well-maintained property is perfectly positioned to meet the growing demand for quality rental housing. Unlock the exceptional potential of this expansive property located in the heart of Palmiet. Set on a generously sized stand, this versatile investment comprises three existing sectional units, with ample space and potential to construct a fourth sectional unit. This makes it an outstanding opportunity for investors, developers, or visionary buyers looking to maximize their return on investment. Whether you are looking to continue generating rental income, renovate and modernize, expand the existing accommodation, or explore further development opportunities, this property provides the ideal foundation. The existing accommodation offers immediate income potential, while the additional development opportunity creates scope for increased revenue and long-term capital growth. Property Components Main House * 3 spacious bedrooms * 2 bathrooms * Comfortable lounge * Dining room * Large kitchen * TV room * Scullery Additional Outbuilding * 2 bedrooms * Bathroom * Kitchen * Lounge Student Accommodation Units * 8 individual one-bedroom units * Each unit features its own private bathroom * Ideal for student accommodation and generating multiple rental income streams Additional Features * All units are connected to electricity and water * Double garage * Ample additional parking space * Generously sized stand with excellent development potential * Located in an area with strong demand for student accommodation This unique property combines **immediate rental income with excellent future development potential**. With multiple existing accommodation units and the opportunity to further develop the site, it presents a compelling investment for buyers seeking strong income potential and long-term capital appreciation. Don't miss this opportunity to secure a versatile, income-generating property in the sought-after Palmiet area.**

R2,200,000

Monthly Bond:R21,596

Calculated over 20 years at 10.25% interest with no deposit

Property Agent
Thulani Khumalo
14 ListingsThulani Khumalo

Property Practitioner

Location

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