Property Details
HENDRA ESTATES - 2 X 3 BEDROOM HOUSES PLUS 4 FLATELTS!!
Do you want to make a living off your own property??
Unlock the potential of this lucrative investment property located in the tranquil and serene conservancy area of Mount Moreland, known for its peaceful surroundings and unique environmental charm.
Perfectly positioned close to the airport for savvy investors, renowned for its lush landscapes and seasonal barn swallow migrations giving your clients a taste of Wildlife amongst the hustle and bustle of KZN.
This property offers a large stunning nature-inspired main house with five self-contained flatlets which generate a combined rental income of R43,500 per month, providing both immediate returns and long-term value growth.
The property could be easily transform into a guest house, Airbnb, extended family estate, or sectional title development, thanks to its sub-division rights
Property Highlights:
> Main House – 3 bed plus study, 2,5 bathrooms , double garage, large covered verandah and pool. (potential rental income of R18000pm)
> 2nd House – 3 beds, 2 bathrooms, single garage, garden and patio.
> 4 Flatlets - Fully occupied, providing a steady rental stream, all on prepaid meters with back up generator and JoJo tanks (current rental income of R43500)
> Back up Water Tanks: 10 000lts
> Strong Rental Demand – Close to key amenities, King Shaka International Airport, and major road networks
> Ample Parking Space for tenants and visitors
> Secure Location – Boomed off access at the only 2 entrances, private and tranquil with easy access to the surrounding areas.
This multi-unit property is perfect for investors looking to diversify their portfolio or generate passive income. Whether you’re a seasoned property investor or looking to make your first income-generating purchase, this is an opportunity not to be missed.
With a potential income of +-R61000 why wait!!
Capitalize on the growing rental market in Mount Moreland today!
For more information or to arrange a private viewing, contact us now.
Property Features
- Property Type House
- Garages 3
- Open Parking 12
- Pool Yes
- Flatlet Yes
- Building Size 935m²
- Stand Size 4,047m²
Other
- Pets Allowed
- Prepaid Electricity
- Uncovered Parking
- Garden
Associated Costs
- Rates & Taxes ± 1450