13 Bedroom House for sale in Newton Park

Exceptional Investment Property with 7 Rental Flats and Workshop Potential This outstanding income-generating investment property offers an incredible opportunity for accommodation investors or large families looking for a property with multiple living spaces. Located in a well-established area, this property comprises 6 spacious two-bedroom flats and 1 large one-bedroom flat, all currently fully rented out. Currently the x7 Units are rented out.. The Huge garage and workshop could be rented out too... generating an additional R10,000 plus...!! But the sellers are presently using it as their workshop. Each flat includes: • Kitchenette • Bathroom facilities • Spacious living areas • Own water meter • Pre-paid electricity meter • Own geyser The current rental income of approximately R38 500 per month for the Flats. Expenses of approximately R4 000 per month for rates, taxes (including water availability, sewage and refuse). * Please Note: The water and Electricity is Payed by the tenants (as per prepaid and water meters). The Huge garage/workshop could easily get a rental of R8 000 - R10 000 monthly.. It is currently being used by the owners as a work shop. This property offers excellent investment potential. Property Overview: • 6 x two-bedroom flats • 1 x one-bedroom flat • All units currently occupied • Rental income ranging from R5 500 – R6 000 per unit monthly • Parking for 21 vehicles and more • Carport parking for each flat • High walls and security gates surrounding the property • Remote-controlled main entrance gate • Sensor LED lighting throughout parking and vehicle access areas • 4 water tanks The property also features a huge tandem garage/workshop area that can accommodate approximately 6 vehicles. Currently used as a workshop, this versatile space includes: • Massive steel sliding garage doors • Parking space for multiple vehicles • Two additional roll-up doors leading into a large workshop area • Smaller rooms leading off the main workshop space • Double French doors opening into an enclosed back yard Investment and Development Potential: • Currently zoned residential or mixed-use area • Potential for commercial rezoning • Ideal opportunity for retail or business ventures • Sufficient land available to build 2 additional flats with garages • Opportunity to transform the existing pool area into a recreation space with braai facilities • Large front and rear areas providing additional secure parking The property is exceptionally well located in Burt Drive, close to schools, swimming baths, shopping centres, police services, hospitals, main transport routes, and other essential amenities. Flat Breakdown: Flat 1 (Erf 1): • 2 bedrooms with built-in cupboards • Wooden floors • Bathroom with shower, basin, and toilet • Fully tiled bathroom • Kitchenette with sink and built-in cupboards • Tiled kitchen floor • Passage with built-in cupboard • Lounge with tiled flooring • Private entrance with gate and paved courtyard • Small tranquil garden at the back • Access to additional parking area Flat 2 (Erf 1): • Free-standing cottage situated further back on the property • 2 tiled bedrooms with built-in cupboards • Bathroom with shower • Separate toilet • Open-plan kitchenette with sink • Large living room flowing into a spacious kitchen area with built-in cupboards • Sliding door leading to evergreen garden • Trellidoor security gate • Undercover parking for 2 vehicles • Face brick and plaster exterior Flat 3 (Erf 1): • 2 bedrooms with built-in cupboards • Wooden floors • Bathroom with shower • Fully tiled bathroom • Separate toilet with basin • Kitchenette with sink and built-in cupboards • French doors opening into kitchenette • Partly enclosed patio • Small tiled front courtyard Flat 4 (Erf 1): • 1 bedroom with built-in cupboard • Bathroom with shower, toilet, basin, and urinal • Large lounge with wooden floors • Fitted kitchenette with sink and built-in cupboards • Novolin flooring • Two front entrances and one entrance facing the back garden AF1 (Erf 2): • 2 bedrooms with built-in cupboards • Tiled floors • Bathroom with bath, shower, basin, and separate toilet with wash basin • Kitchenette with sink and built-in cupboards • Large tiled lounge • Carport parking • Brick-paved area AF2 (Erf 2): • 2 bedrooms with built-in cupboards • Tiled floors • Walk-in closet • Bathroom with shower, basin, and toilet • Kitchenette with sink and built-in cupboards • Double-sized living room • Large paved two-car carport • Entrance sliding gate AF3 (Erf 2): • 2 bedrooms with built-in cupboards • Large upstairs loft bedroom • Second bedroom downstairs • Bathroom with shower, basin, and toilet • Open-plan lounge • Tiled floors • Kitchenette with sink and built-in cupboards • Large secure two-car brick-paved parking area • Sliding gate entrance Additional Features: • Servants toilet at the back • Additional toilet in garage/workshop • Brick-paved driveway between the two houses providing access to all rear parking areas • Fully rented property with established tenants This property offers exceptional value, multiple income streams, and endless potential for investors looking for a high-yield rental property. Please note: The property has a pool that is not currently in use and has not been included in the property's value. It was previously used as a koi breeding pond and does not form part of the property sale. Every effort has been made to ensure the content of this advert is correct; however, no responsibility will be borne for any errors or omissions it may contain. If you want this property, call me for a private viewing.

Newton Park, Newton Park, Gqeberha, Eastern Cape

Area view — the exact address is shared on enquiry.

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