PRICE REDUCED
Web Ref RL960002
R1,690,000
Monthly Bond Repayment R17,732.42
Calculated over 20 years at 11.25% with no deposit.
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Monthly Rates
R2,615
R2,615
Enormous Property with Endless Potential
This 1747m² gem combines space, versatility, and income! Offering a spacious floor size of 363m², a vibrant garden, and a proven track record as student accommodation, this property is a fantastic opportunity for investors or visionaries.
Why This Property Stands Out:
- Prime Location: Situated near Brandwag School, Caledon Preparatory School, and Eastcape Midlands College, perfect for student housing or other uses.
- Zoned for Business & Commercial Use: Endless possibilities for re-purposing or expansion.
- Proven Income Generator: Successfully operated as student accommodation for 11 years, registered with local colleges.
Property Features:
- Main House:
- 6 over-sized shared bedrooms for group living.
- 3 bathrooms for shared convenience.
- Spacious shared kitchen and a laundry room.
- Additional Accommodation:
- Outside buildings and double garage converted into living spaces.
- 3 flatlets, generating consistent rental income.
- Outdoor Features:
- Vibrant garden, perfect for relaxation or added value.
- Expansive 1747m² plot, ideal for development or expansion.
- Extra-large deck doubles as undercover parking, accommodating multiple vehicles.
- Extras:
- Currently accommodates up to 22 students.
- Rates: R2,615 per month.
The property requires some TLC, but with the right touch, it could be restored to its former glory or re-imagined as a high-yield investment.
Don’t miss this opportunity to invest in Mosel's potential! Contact us today for a viewing!
Why This Property Stands Out:
- Prime Location: Situated near Brandwag School, Caledon Preparatory School, and Eastcape Midlands College, perfect for student housing or other uses.
- Zoned for Business & Commercial Use: Endless possibilities for re-purposing or expansion.
- Proven Income Generator: Successfully operated as student accommodation for 11 years, registered with local colleges.
Property Features:
- Main House:
- 6 over-sized shared bedrooms for group living.
- 3 bathrooms for shared convenience.
- Spacious shared kitchen and a laundry room.
- Additional Accommodation:
- Outside buildings and double garage converted into living spaces.
- 3 flatlets, generating consistent rental income.
- Outdoor Features:
- Vibrant garden, perfect for relaxation or added value.
- Expansive 1747m² plot, ideal for development or expansion.
- Extra-large deck doubles as undercover parking, accommodating multiple vehicles.
- Extras:
- Currently accommodates up to 22 students.
- Rates: R2,615 per month.
The property requires some TLC, but with the right touch, it could be restored to its former glory or re-imagined as a high-yield investment.
Don’t miss this opportunity to invest in Mosel's potential! Contact us today for a viewing!
Features
Pets Allowed
Yes
Interior
Bedrooms
6
Bathrooms
3
Kitchen
1
Furnished
Yes
Exterior
Security
No
Parkings
7
Flatlet
3
Pool
No
Sizes
Floor Size
363m²
Land Size
1,747m²
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