R2,850,000
R2,850,000
11 bedrooms9 bathrooms16 parking baysErf 1324 m²
Expenses
Rates and Taxes:
R3,604 per month
House for sale in Athlone Park
Investor’s Excellent Opportunity in Sought-After Property with Outstanding Income-Generating Property | Athlone Park
This versatile multi-let property represents an exceptional value proposition, offering considerable rental income and ample potential for the discerning investor. Located in a prime position with delightful panoramic views, the property currently generates a Monthly Rental Income of R45 000, with tenants already in place.
The main residence has been thoughtfully divided into two spacious units:
* A comfortable two-bedroom, two-bathroom unit with a guest toilet, private braai area, modern single-story kitchen, and open-plan lounge and dining areas.
* A generous three-bedroom, two-bathroom unit, featuring upstairs braai facilities, a washroom, and guest toilet.
Below the main house, there is an additional fully fitted two-bedroom apartment with a lounge, dining room, kitchen, and bathroom facilities – ideal for extended family or supplementary rental income. The property also includes a dedicated outdoor area.
Enhancing the investment potential are four separate apartments situated in a row on the property.
All units are currently tenanted, ensuring an immediate and reliable return on investment.
Parking is ample and conveniently arranged, with three spacious parking levels accommodating approximately 15 vehicles:
> Upper-level parking – visitor parking – 4 spaces
> Mid-level parking – resident parking – 6 spaces
> Lower-level parking – resident parking – 6 spaces
The property further offers communal outdoor spaces, including lawned areas and braai facilities, providing a welcoming environment for tenants.
Offered at an asking price of R2.890 million, this represents a rare opportunity for a high-yield investment.
Listing details
Rooms
- 10 Bedrooms
- Main Bedroom
- Main bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 2
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 3
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 4
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 5
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 6
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 7
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 8
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 9
- Bedroom with built-in cupboards, combustion fireplace, curtain rails and tiled floors
- Bedroom 10
- Bedroom with built-in cupboards, curtain rails and tiled floors
- 9 Bathrooms
- Bathroom 1
- Bathroom with basin, bath and toilet
- Bathroom 2
- Bathroom with basin, bath and toilet
- Bathroom 3
- Bathroom with basin, bath and toilet
- Bathroom 4
- Bathroom with basin, bath and toilet
- Bathroom 5
- Bathroom with basin, bath and toilet
- Bathroom 6
- Bathroom with basin, bath and toilet
- Bathroom 7
- Bathroom with basin, bath and toilet
- Bathroom 8
- Bathroom with basin, bath and toilet
- Bathroom 9
- Bathroom with basin, bath and toilet
- Other rooms
- Dining Room 1
- Dining room 1 with tiled floors
- Dining Room 2
- Dining room 2 with tiled floors
- Kitchen 1
- Kitchen 1 with tiled floors
- Kitchen 2
- Kitchen 2 with tiled floors
- Kitchen 3
- Kitchen 3 with tiled floors
- Kitchen 4
- Kitchen 4 with tiled floors
- Kitchen 5
- Kitchen 5 with tiled floors
Other features
I'm your local property expert in Athlone Park, South Africa
René Koekemoer
Registered with the PPRA - Full Status FFC
René Koekemoer
GoldClub 5 Year Elite AgentGoldClub status recognises the highest levels of service excellence and outstanding sales & rentals success for which the Pam Golding Properties brand is renowned.
Amanzimtoti Office
1600 Riverside Road, Amanzimtoti, 4126, KwaZulu-NatalRegistered with the PPRA.Holder of a Business Property Practitioner FFC. Operating a Trust Account. A Franchise of Pam Golding Franchise Services (Pty) Ltd.Durban South Properties (Pty) Ltd t/a Pam Golding Properties
Amanzimtoti Office details