Web Ref RL952619
R7,600,000
Monthly Bond Repayment R79,743.45
Calculated over 20 years at 11.25% with no deposit.
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Rare chance to own a Versatile and Income-generating Property
Investment Opportunity - R7.6 million + VAT
Welcome to Kirkwood, a charming town nestled in the heart of the Eastern Cape, renowned for its thriving citrus industry and close-knit community. Here, properties are scarce, making this investment opportunity truly unique and valuable.
This expansive property spans two plots and features 8 living units and a commercial building divided into two units.
Living Units Summary:
Unit 1:
Private electric gate entrance from the street.
Enclosed yard with a double carport.
Porch with a built-in braai.
Open plan lounge and kitchen.
3 bedrooms with built-in cupboards.
2 bathrooms.
Kitchen with built-in cupboards, oven, and hob.
Unit 2:
Private electric gate entrance from the street.
Double carport, braai area, and porch.
Open plan lounge and kitchen.
Courtyard with washing lines.
3 bedrooms with built-in cupboards.
1 bathroom.
Unit 3:
Courtyard and double carport.
Undercover braai area.
Lounge.
3 bedrooms with built-in cupboards.
1 bathroom.
Unit 4:
Undercover braai area.
Open plan lounge and kitchen.
1 bedroom with en-suite bathroom.
Unit 5:
Undercover braai area.
Open plan lounge and kitchen.
1 en-suite bathroom.
Unit 6:
Private courtyard.
Sliding door entrance to the lounge.
Open plan lounge and kitchen.
3 bedrooms with built-in cupboards.
2 bathrooms (1 en-suite)
Storage area and parking in the yard, with a carport for 3 vehicles, electric gates, and fruit trees.
Unit 7:
Courtyard and undercover braai area.
Spacious kitchen, dining room, and lounge with a fireplace.
4 bedrooms with built-in cupboards.
3 bathrooms (2 en-suite).
High ceilings.
Unit 8:
Open plan kitchen and lounge.
Courtyard with built-in braai.
2 bedrooms with built-in cupboards.
1 bathroom.
Carport for 2 vehicles and 1 additional parking space.
Commercial Building:
Two units: one is 96.3 square meters and the other is 115.7 square meters.
Potential rental income: R21,200 per month.
Current Rental Income for Living Units: R54,870 per month.
This property offers a fantastic investment opportunity with a substantial monthly rental income and the potential for further income from the commercial space.
Welcome to Kirkwood, a charming town nestled in the heart of the Eastern Cape, renowned for its thriving citrus industry and close-knit community. Here, properties are scarce, making this investment opportunity truly unique and valuable.
This expansive property spans two plots and features 8 living units and a commercial building divided into two units.
Living Units Summary:
Unit 1:
Private electric gate entrance from the street.
Enclosed yard with a double carport.
Porch with a built-in braai.
Open plan lounge and kitchen.
3 bedrooms with built-in cupboards.
2 bathrooms.
Kitchen with built-in cupboards, oven, and hob.
Unit 2:
Private electric gate entrance from the street.
Double carport, braai area, and porch.
Open plan lounge and kitchen.
Courtyard with washing lines.
3 bedrooms with built-in cupboards.
1 bathroom.
Unit 3:
Courtyard and double carport.
Undercover braai area.
Lounge.
3 bedrooms with built-in cupboards.
1 bathroom.
Unit 4:
Undercover braai area.
Open plan lounge and kitchen.
1 bedroom with en-suite bathroom.
Unit 5:
Undercover braai area.
Open plan lounge and kitchen.
1 en-suite bathroom.
Unit 6:
Private courtyard.
Sliding door entrance to the lounge.
Open plan lounge and kitchen.
3 bedrooms with built-in cupboards.
2 bathrooms (1 en-suite)
Storage area and parking in the yard, with a carport for 3 vehicles, electric gates, and fruit trees.
Unit 7:
Courtyard and undercover braai area.
Spacious kitchen, dining room, and lounge with a fireplace.
4 bedrooms with built-in cupboards.
3 bathrooms (2 en-suite).
High ceilings.
Unit 8:
Open plan kitchen and lounge.
Courtyard with built-in braai.
2 bedrooms with built-in cupboards.
1 bathroom.
Carport for 2 vehicles and 1 additional parking space.
Commercial Building:
Two units: one is 96.3 square meters and the other is 115.7 square meters.
Potential rental income: R21,200 per month.
Current Rental Income for Living Units: R54,870 per month.
This property offers a fantastic investment opportunity with a substantial monthly rental income and the potential for further income from the commercial space.
Features
Pets Allowed
Yes
Interior
Bedrooms
20
Bathrooms
12
Kitchen
8
Reception Rooms
8
Furnished
No
Exterior
Security
No
Parkings
11
Pool
No
Sizes
Land Size
3,161m²
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