About this property

Accommodations in Newton Park 13 bedroomed property sectioned off into 6 Flats & garden Flat big ERF Exceptional Investment Property with 7 Rental Flats and Workshop PotentialThis 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:KitchenetteBathroom facilitiesSpacious living areasOwn water meterPre-paid electricity meterOwn geyserThe 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 garageworkshop 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 flats1 x one-bedroom flatAll units currently occupiedRental income ranging from R5 500 R6 000 per unit monthlyParking for 21 vehicles and moreCarport parking for each flatHigh walls and security gates surrounding the propertyRemote-controlled main entrance gateSensor LED lighting throughout parking and vehicle access areas4 water tanksThe property also features a huge tandem garageworkshop area that can accommodate approximately 6 vehicles. Currently used as a workshop, this versatile space includes:Massive steel sliding garage doorsParking space for multiple vehiclesTwo additional roll-up doors leading into a large workshop areaSmaller rooms leading off the main workshop spaceDouble French doors opening into an enclosed back yardInvestment and Development Potential:Currently zoned residential or mixed-use areaPotential for commercial rezoningIdeal opportunity for retail or business venturesSufficient land available to build 2 additional flats with garagesOpportunity to transform the existing pool area into a recreation space with braai facilitiesLarge front and rear areas providing additional secure parkingThe 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 cupboardsWooden floorsBathroom with shower, basin, and toiletFully tiled bathroomKitchenette with sink and built-in cupboardsTiled kitchen floorPassage with built-in cupboardLounge with tiled flooringPrivate entrance with gate and paved courtyardSmall tranquil garden at the backAccess to additional parking areaFlat 2 Erf 1:Free-standing cottage situated further back on the property2 tiled bedrooms with built-in cupboardsBathroom with showerSeparate toiletOpen-plan kitchenette with sinkLarge living room flowing into a spacious kitchen area with built-in cupboardsSliding door leading to evergreen gardenTrellidoor security gateUndercover parking for 2 vehiclesFace brick and plaster exteriorFlat 3 Erf 1:2 bedrooms with built-in cupboardsWooden floorsBathroom with showerFully tiled bathroomSeparate toilet with basinKitchenette with sink and built-in cupboardsFrench doors opening into kitchenettePartly enclosed patioSmall tiled front courtyardFlat 4 Erf 1:1 bedroom with built-in cupboardBathroom with shower, toilet, basin, and urinalLarge lounge with wooden floorsFitted kitchenette with sink and built-in cupboardsNovolin flooringTwo front entrances and one entrance facing the back gardenAF1 Erf 2:2 bedrooms with built-in cupboardsTiled floorsBathroom with bath, shower, basin, and separate toilet with wash basinKitchenette with sink and built-in cupboardsLarge tiled loungeCarport parkingBrick-paved areaAF2 Erf 2:2 bedrooms with built-in cupboardsTiled floorsWalk-in closetBathroom with shower, basin, and toiletKitchenette with sink and built-in cupboardsDouble-sized living roomLarge paved two-car carportEntrance sliding gateAF3 Erf 2:2 bedrooms with built-in cupboardsLarge upstairs loft bedroomSecond bedroom downstairsBathroom with shower, basin, and toiletOpen-plan loungeTiled floorsKitchenette with sink and built-in cupboardsLarge secure two-car brick-paved parking areaSliding gate entranceAdditional Features:Servants toilet at the backAdditional toilet in garageworkshopBrick-paved driveway between the two houses providing access to all rear parking areasFully rented property with established tenantsThis 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. Show more Show less