7 Bedroom House in Annadale

Prime Investment Opportunity Multi-Unit Property Ideal for Student Accommodation Development Positioned in the well-located suburb of Annadale, this exceptional income-generating property offers investors both immediate rental returns and future development potential.The property currently consists of four spacious residential units, making it a strong cash-flow investment:Unit 1: 2 Bedrooms, 1 BathroomUnit 2: 2 Bedrooms, 1 Bathroom with garageUnit 3: 3 Bedrooms, 1 Bathroom with garageUnit 4: 3 Bedrooms, 2 Bathrooms spacious family-sized unitAll generating a total estimation of R 24000 pmAll tenants benefit from prepaid electricity, allowing for easy management and controlled utility usage for both tenants and the owner.Additional features that enhance the value of this investment include:4 single garages providing secure parkingBorehole, helping reduce water costs and ensuring reliable water supplyEstablished rental units already producing consistent monthly incomeExcellent future development potentialSet on a large 2 876 m² stand, the property offers ample space for expansion. According to development potential assessments, the stand may accommodate up to 18 bachelor units, making it ideal for investors interested in student or rental accommodation development.The surrounding Annadale area continues to show steady property activity, with recent sales and strong demand for rental accommodation, making this an attractive long-term investment opportunity.This is a rare opportunity to secure a multi-income property with expansion potential in a growing rental market. Show more Show less