Email a Friend Share

 ref # 2270

print

R 1 300 000 (77 611 EUR*)

select a 2nd currency

mortgage calculator

12
7
2
± 15000 m2
± 1160m2
R 5400  / m

Enter the rental market in Cullinan

Anyone who knows Cullinan and Rayton knows that rental properties are at a premium in the area. Here is a golden opportunity to enter the rental market and earn a very good income whilst you live on this 1,5 hectare property yourself. This very large property is currently a restoration project in progress. Though much of the property must be restored, some of the restoration has already been done. Once completed, you will be able to rent out four houses while you live in a fifth house yourself. Currently some of the houses are sub-divided into smaller units that are used for housing, to the extent that you could easily rent out a house and up to 6 smaller units whilst living in a house yourself.

A double storey house of some 310 m2, consists of a one bedroom flat and a second two bedroom flat. A second, large house of some 400m2, that is partially restored, offers 6 bedrooms whilst a smaller double story house offers two bedrooms and a store room that could also be a double garage. A large open structure of some 210m2 consists of one very large room and two bathrooms. This structure could easily be reconfigured to offer a 3 bedroom house or even 2 or 3 flats. Another old house that is currently unfit for occupation consists of 6 rooms in a compound style layout. However, it is certainly possible to restore this building.

Considering the asking price for the property it is clear that this property offers a lot of development. Anybody with an appetite for a restoration project will certainly find this a very good opportunity.

Contact Living Link Realty today and enjoy a personalized viewing of this property. Living Link Realty offers you the unique one stop real estate option, dealing with sales, rentals and commercial properties in Pretoria, the Greater Gauteng, Cullinan and Rayton areas. Living Link Realty offer assistance with finance or any other property related query.



Message Agents

See latest COVID-19 updates on government website www.sacoronavirus.co.za.