R2 588 000
Monthly Bond Payment: R
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Scottsville Prime Investment.
219 King Edward Avenue
13 Bedroom House For Sale in Scottsville
219 King Edward Avenue,
Scottsville Prime Investment.
Monthly Bond Payment: R
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A more prime location situated near UKZN you will not find! Did you know that Scottsville has its own Gold Mine? This is it!
The property is bursting with the potential to generate fantastic income. It is suited as a family home where a family could reside in the main house with the benefits of fetching rental income on the property from the other dwellings which could easily amount to R42 500.00 per month!
or....
One could convert the entire property into student accommodation or small business rental spaces and command a Gross Income of R75 000.00 per month!! Applying a little business acumen will realise you the achievement of your dreams. In total the property will provide 14 bedrooms/offices, 5 bathrooms as well as 7 toilets, two kitchens, and sufficient parking space with entrances from two roads. If the focus is students then the comfortable estimate is that at least 30 students could reside on the property.
These are BIG numbers, PERFECT location, LOW price, and an IDEAL opportunity! A potential gross return rate of 26% pa!!!
I look forward to introducing you to your new business venture. Give me a call to book a private tour of this property.
Bond Payments | R |
Mun. Rates & Taxes | ZAR 1,365 |
Web Ref | RXPM-4057 |
Property Type | House |
Erf Size | 1829m2 |
Bedrooms | 13 |
Bathrooms | 5 |
Shane Candy
Sales Associate
RE/MAX Midlands (Pietermaritzburg)
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Monthly Bond Payment: R