Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.

R 2 300 000

7 Bedroom House for Sale in Discovery

Discovery, Roodepoort

Contact agent for street address

7
7
9
1 202 m²
- m²: 1 202 m²
- Hectares: 0.12 ha
- Acres: 0.297 acres

Contact Agent

Ash-Lee De Lange

Show Contact Number

Attention investors ! Extremley profitable student accomodation/ multi letting property for sale!

This upscale student accommodation property is now available for sale, offering an exceptional opportunity for serious investors seeking high returns on investment properties.

The property features six units at the back, each ranging from 70 to 100 square meters, all fully occupied by tenants. The income breakdown per unit per month is as follows:

Unit 1 (Main House):

Rent: R 7,500.00

Deposit: R 7,000.00

Status: Occupied since 01/03/2017

Unit 2:

Rent: R 4,620.00

Deposit: R 5,000.00

Status: Occupied since 01/06/2022

Unit 3:

Rent: R 4,500.00

Deposit: R 5,500.00

Unit 4:

Rent: R 4,000.00

Deposit: R 5,000.00

Status: Occupied since 01/02/2024

Unit 5:

Rent: R 6,600.00

Deposit: R 5,950.00

Status: Occupied since 01/11/2019

Unit 6:

Rent: R 4,000.00

Deposit: R 5,000.00

Status: Occupied since 01/06/2024

Unit 7:

Rent: R...

This upscale student accommodation property is now available for sale, offering an exceptional opportunity for serious investors seeking high returns on investment properties.

The property features six units at the back, each ranging from 70 to 100 square meters, all fully occupied by tenants. The income breakdown per unit per month is as follows:

Unit 1 (Main House):

Rent: R 7,500.00

Deposit: R 7,000.00

Status: Occupied since 01/03/2017

Unit 2:

Rent: R 4,620.00

Deposit: R 5,000.00

Status: Occupied since 01/06/2022

Unit 3:

Rent: R 4,500.00

Deposit: R 5,500.00

Unit 4:

Rent: R 4,000.00

Deposit: R 5,000.00

Status: Occupied since 01/02/2024

Unit 5:

Rent: R 6,600.00

Deposit: R 5,950.00

Status: Occupied since 01/11/2019

Unit 6:

Rent: R 4,000.00

Deposit: R 5,000.00

Status: Occupied since 01/06/2024

Unit 7:

Rent: R 3,500.00

Deposit: R 4,500.00

Status: Occupied since 01/03/2024

Total Gross Income Before Expenses: R34 720

NET INCOME : R31 000 PM

Located across the road from La Salle College, this property consistently maintains full occupancy. With a remarkable 15% ROI per year, this investment opportunity is unparalleled.

Don't miss out on this exceptional offer. Arrange a viewing today to discover more about this incredible opportunity.

Note: The main house is currently offered at a discounted price due to the individual assisting with the student accommodation. The achievable rental price for the main house is up to R 10,000.00 per month.

Bedrooms: 7

Bathrooms: 7

Parking: 9

Pet Friendly

Flatlet

Fibre Internet

Listing number: P24-114701564, Image number: 1

Listing number: P24-114701564, Image number: 2

Listing number: P24-114701564, Image number: 3

Listing number: P24-114701564, Image number: 4

Listing number: P24-114701564, Image number: 5

Listing number: P24-114701564, Image number: 6

Listing number: P24-114701564, Image number: 7

Listing number: P24-114701564, Image number: 8

Listing number: P24-114701564, Image number: 9

Property Overview

Listing Number

114701564

Type of Property

House

Listing Date

23 July 2024

Erf Size

1 202 m²

Pets Allowed

Yes

Rooms

Bedrooms

Bedroom 1

Wooden Floors, Built-in Cupboards, Walk-in-closet, Queen Bedroom

Bedroom 2

Wooden Floors, Built-in Cupboards, King Bedroom

Bedroom 3

Built-in Cupboards

Bathrooms

Bath, Toilet and Basin

Kitchen

Breakfast Nook, Stove (Oven & Hob), Dishwasher Connection, Washing Machine Connection, Tiled Floors

Lounge

Wooden Floors, Fireplace

External Features

Parking

Parking 1

Visitors Parking

Parking 2

Visitors Parking

Parking 3

Visitors Parking, Carport

Parking 4

Visitors Parking, Carport

Parking 5

Visitors Parking, Carport

Parking 6

Carport, Secure Parking

Parking 7

Carport

Parking 8

Carport

Parking 9

Carport

Outbuildings

Outbuilding 1

Flatlet

Outbuilding 2

Flatlet

Outbuilding 3

Flatlet

Outbuilding 4

Flatlet

Outbuilding 5

Flatlet

Outbuilding 6

Flatlet

Other Features

Flatlet

Yes

Internet Access

Fibre

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.