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Vaal Park, Vaal Park, Orkney, North West
R 1 970 000
Property with Multiple UnitsPrime Investment Opportunity with Multiple Rental UnitsThis property is an ideal investment opportunity, featuring 5 rentable units across 3 freestanding buildings. The property is equipped with 3-phase electricity and each unit has prepaid electricity and water meter. Zoned for Residential 2, the large stand offers space for developing 3 additional units. Current rental income stands at R23,000 per month, with enough parking available for each unit.Property Features:3-Phase Electricity5 Rentable Units with prepaid and water metersZoned Residential 2 with space to develop 3 additional units.Parking for each unitCurrent Rental Income: R23,000Breakdown of Units:Unit A1:The largest unit, tile roof, and plastered wallsDouble garage and secure visitor parkingFully fenced garden with outdoor braai2 bedrooms with built-in cupboards1 bathroomOpen-plan kitchen and living roomAdditional recreation room used as dining, living space, or extra bedroomUnit A2:Tile roof and plastered wallsFenced garden spaceDouble Carport2 bedrooms1 bathroom shower and separate toiletUnit B:Face brick with tile roof, freestanding1 garage and tandem carport fits 2 cars3 bedrooms main with walk-in closet and one with built-in cupboards2 bathrooms main en-suiteOpen-plan kitchen with oven and hob, separate sculleryDining and living room with ceiling fansPorch and outdoor braaiEnclosed small garden with palisade fencingUnit C1:Face brick with tile roofSecured with burglar bars and security doorCarport and secure visitor parking1 bedroom with built-in cupboards and en-suite bathroomOpen-plan kitchen and living roomUnit C2:Face brick with tile roofEnclosed with palisade fencingCarport and secure visitor parking2 bedrooms with built-in cupboards1 bathroomOpen-plan kitchen and living roomThis property offers a lucrative rental income with potential for further development. Don''t miss this excellent opportunity to expand your property portfolio!REXIBEX INVESTMENTS PTY LTD trading as REMAX Exclusive Klerksdorp operates in terms of a franchise agreement with REMAX of Southern Africa. Show more Show less
Estimated monthly repayment
R 18 603
on a R 1 773 000 bond over 20 years at 11.25%
Estimate only — actual rates depend on your credit profile + bank approval. Consult a bond originator for a formal quote.
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Vaal Park, Vaal Park, Orkney, North West
Area view — the exact address is shared on enquiry.