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Lennoxton, Lennoxton, Newcastle, KwaZulu-Natal
R 3 500 000
Unlock the full potential of this prime income-generating property, ideal for seasoned investors or ambitious developers. The property features four well-maintained 2-bedroom units and a 1-bedroom bachelor flat—all fully tenanted, ensuring immediate and stable rental income. Situated on a spacious lot, it offers a reliable cash flow from day one, with tenants already in place. The layout and condition of the current units make this a low-maintenance, high-reward opportunity. It’s the perfect foundation for growing your investment portfolio. What truly sets this property apart is its incredible expansion potential. There's ample space to build up to five more units, with additional land to the side perfect for new residential or commercial ventures. A partitioned rear section is also tenanted, adding to your monthly income. Whether you’re looking to expand with...
Estimated monthly repayment
R 33 052
on a R 3 150 000 bond over 20 years at 11.25%
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Lennoxton, Lennoxton, Newcastle, KwaZulu-Natal
Area view — the exact address is shared on enquiry.
Listed by
Zinhle Motaung
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