R 2,600,000
R 2,600,000
10 bedrooms1 bathroomErf 1197 m²Energy supplies: EskomWater supplies: Council Supply
Expenses
Rates and Taxes:
R 1,900 per month
House for sale in Penina Park
Investment Opportunity – Fully Tenanted Rental Property, Penina Park
This one's ready to earn from day one. Located in Penina Park, right next to Church Street and just a short walk from the CBD, shopping centres, and other amenities, it's a solid pick for anyone looking to grow their property portfolio.
What was originally a 3-bedroom home has been cleverly converted into 10 separate rental units, all currently occupied and generating an impressive R25,000 per month in rental income.
Each unit is designed for convenient, independent living, with its own shower, toilet and basin. Two of the units share a bathroom. Each unit also has its own prepaid electricity meter, allowing tenants to manage and pay for their individual electricity consumption.
Adding further investment potential, the property's rezoning from Residential 1 to business use is already in the advanced stages, creating exciting opportunities for future use and potentially enhancing the property's overall value.
There's also good scope to expand, as the stand is large enough to add more units down the line if you want to push the returns further. And if you're financing rather than buying cash, the rental income goes a long way towards covering the bond.
Whether you're an experienced investor or just getting into property - a fully tenanted, income-generating asset in a location that works.
Book your viewing today.
Listing details
Rooms
- 10 Bedrooms
- Bedroom 1
- Bedroom with built-in cupboards, built-in cupboards, curtains and tiled floors
- Bedroom 2
- Bedroom with built-in cupboards, curtain rails, curtains and tiled floors
- Bedroom 3
- Bedroom with built-in cupboards, built-in cupboards, curtain rails, curtains and tiled floors
- Bedroom 4
- Bedroom with built-in cupboards, built-in cupboards, curtain rails, curtains and tiled floors
- Bedroom 5
- Bedroom with built-in cupboards, built-in cupboards, curtain rails, curtains and tiled floors
- Bedroom 6
- Bedroom with built-in cupboards, built-in cupboards, curtain rails, curtains and tiled floors
- Bedroom 7
- Bedroom with built-in cupboards, built-in cupboards, curtain rails, curtains and tiled floors
- Bedroom 8
- Bedroom with built-in cupboards, built-in cupboards, curtain rails, curtains and tiled floors
- Bedroom 9
- Bedroom with built-in cupboards, built-in cupboards, curtain rails, curtains and tiled floors
- Bedroom 10
- Bedroom with built-in cupboards, built-in cupboards, curtain rails, curtains and tiled floors
- 2 Bathrooms
- Bathroom 1
- Bathroom with basin, bath and tiled floors
- Bathroom 2
- Bathroom with basin, tiled floors and toilet
Other features
We are your local property experts in Penina Park, South Africa
Polokwane (Pietersburg) Office
80A Compensatie Street, Polokwane, 0699, Limpopo ProvinceRegistered with the PPRA.Holder of a Business Property Practitioner FFC. Operating a Trust Account. A Franchise of Pam Golding Franchise Services (Pty) Ltd.Linda De Witt cc t/a Pam Golding Polokwane
Polokwane (Pietersburg) Office details