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13 Bedroom House For Sale in Scottsville

R2 588 000

Bedroom icon 13 5 1829m2
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13 Bedroom House For Sale in Scottsville

Scottsville Prime Investment.

219 King Edward Avenue

Bedroom icon 13 5 1829m2

13 Bedroom House For Sale in Scottsville

219 King Edward Avenue,

Scottsville Prime Investment.

R2 588 000

Monthly Bond Payment: R

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Bond calculator

  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR
5 Bedroom icon 13 1829m2

Features

  • Covered Parkings 4
  • Lounge 1
  • Pool
  • Garden
  • 2X Kitchens
  • Tool shed

Description

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.

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 1,365

Property Details

Web Ref RXPM-4057
Property Type House
Erf Size 1829m2
Bedrooms 13
Bathrooms 5

Map

Contact Agent

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Shane Candy

Sales Associate

RE/MAX Midlands (Pietermaritzburg)

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Enquiry about property Ref:RXPM-4057

R2 588 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

Shane Candy

Sales Associate

RE/MAX Midlands (Pietermaritzburg)

MessageCall me back Whatsapp
Book a viewing

Contact Shane Candy

Agent profile picture

Shane Candy

Sales Associate


RE/MAX Midlands (Pietermaritzburg)

Show number

Show number

Enquiry about property Ref:RXPM-4057