This versatile property is located in Capital Park – Pretoria and boasts a newly renovated 3-bedroom house and two separate income-producing spacious flats on a large erf.
The concept of this property has been to develop a stable rental income for the property owner with the 2 flats that are fully let. The owner occupies the main house.
The property has a swimming pool and entertainment area with lots of covered parking and a low-maintenance garden.
Main House
The main house was newly renovated and has a modern layout consisting of an open-plan kitchen with a scullery and a dining area. The house has a separate living room, a home office, 3 bedrooms, and 2 bathrooms with contemporary finishes and fixtures.
1 Bedroom Flat
This flat consists of a spacious bedroom, and 1 bathroom equipped with a shower. The living room is spacious in size and the kitchen has ample space for appliances.
The rental income is R5,000.00 per month.
3 Bedroom Flat
This modern flat has a large kitchen and living area with 3 ensuite bedrooms.
The rental is R3,500.00 per room per month.
The main house can also be rented out, which will increase the monthly rental income.
Capital Park is known for its residential and family-oriented character and accessibility to various amenities and services.
This property is conveniently situated near educational institutions, schools, shopping centers, and major roads, making commuting to other parts of the city easily accessible.
Schools in the vicinity are Capital Park Primary School, Riviera Primary, and Laerskool Robert Hicks. Shopping centers in the vicinity are Gezina Galleries, Jakaranda Centre, and Riviera Gallery.
The demand for affordable rental property in this area is very high. This is an investment opportunity not to be missed.
The current infrastructure:
• 3 Bedroom House (Newly Renovated).
• Large 1 Bedroom Flat.
• 3 Bedroom Flat (3 large rooms with ensuite bathrooms and a communal kitchen and living room).
• Entertainment area with swimming pool.
• Ample shaded/covered parking spaces.
• Storeroom.
Leases
Month-to-month
Electricity is a pre-paid system (for the tenant’s account).
