16 Bedroom House on auction in Rosemount

Full Circle Properties is thrilled to present this exceptional investment opportunity, offered for sale by way of public online auction, in the heart of Greenfields, East London. A sought-after residential rental hub where demand for quality accommodation remains consistently strong. Set on an impressive 1,041m2 corner stand, this property offers an outstanding rental income. The versatile layout divides the property into two distinct sections, each with its own driveway and outdoor space, creating excellent separation between the main residence and the income-generating accommodation. The first section features a comfortable three-bedroom main home, complemented by a separate two-bedroom flat. Both enjoy their own private driveway and garden area, while a double garage provides secure lock-up parking. This configuration is ideal for an owner-occupier wanting to enjoy a private home environment while benefiting from substantial rental income from the remainder of the property. But the real investment value is found on the second section of this expansive property, accessed via its own dedicated driveway. Here stands a newly built double-storey structure comprising FIVE modern, self-contained flats — yes, five additional income-producing units. The five flats consist of 2 X three-bedroom units, 2 X two-bedroom units and 1 X one-bedroom unit. Each apartment has been thoughtfully designed for comfortable modern living, featuring an open-plan lounge and fitted kitchen, tiled floors, built-in cupboards and aluminium windows. Ample off-street parking is provided for residents, while good security features throughout add further appeal to the rental offering. The result is a remarkable seven-unit property configuration, with the main house and 6 additional units, generating an impressive R41,000 per month in rental income. The property is fully tenanted, providing an established income stream and making this a particularly compelling proposition for the serious property investor. Each unit equipped with its own pre-paid electricity meter, a significant benefit for landlords and a feature that makes managing multiple tenants considerably easier. The property's location further strengthens the investment case. Greenfields is well known for its strong residential rental demand, providing accommodation for people working at the nearby East London IDZ, Mercedes-Benz manufacturing facility, East London Airport and surrounding commercial and retail centres. Shops, public transport and essential amenities are all conveniently accessible. For the investor, this is a rare opportunity to acquire a fully tenanted, high-income property on a substantial corner stand, with multiple income streams and excellent separation between the residential and rental components. Alternatively, live in the main house and enjoy the potential for a substantial passive rental income from the six additional units. VIEWINGS WELCOME BY APPOINTMENT Although this property is being offered via online auction, prospective purchasers are encouraged to arrange a private viewing by appointment to fully appreciate the scale, layout and exceptional income-producing potential of this property. R41,000 monthly rental income. 1,041m2 corner stand. Seven income-generating units. Two separate driveways. Make the smart move with Full Circle Properties — this may be the investment property you have been waiting for.

4 Riverview Road, Rosemount, East London, Eastern Cape

Area view — the exact address is shared on enquiry.

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