Aanwins A.H. , Alsef A.H. , Ambot A.H. , Amorosa A.H. , Cosmo City , Diswilmar A.H. , Featherbrooke Estate , Kimbult A.H. , Lanseria , Muldersdrift , Northvale AH , Pinehaven , Poortview A.H. , Ruimsig , Ruimsig Country Estate , Sonnedal A.H. , Sunrella AH , Tres-Jolie A.H. , Willowbrook , Zonnehoeve A.H.
Allen’s Nek , Bellairspark , Boskruin , Boundary Park , Bromhof , Bush Hill Estate A.H. , Carenvale , Constantia Kloof , Creswell Park , Davidsonville , Discovery , Doornkop , Eagle Canyon Golf Estate , Fleurhof , Floracliffe , Florida , Florida Hills , Florida Lake , Florida North , Florida Park , Florida View , Georginia , Glen Dayson A.H. , Golden Harvest A.H. , Goudrand , Groblerpark , Hamberg , Haverston A.H. , Helderkruin , Honey Hill , Honey Park , Honeydew , Honeydew Manor , Honeydew Ridge , Hoogland , Horison , Horison Park , Horison View , Hunters Hill A.H. , Kelly Ridge , Kloofendal , Laser Park , Lea Glen , Lindhaven , Little Falls , Manufacta , Maraisburg , Meadowhurst , Noordekrans , Noordgesig , North Riding , North Riding A.H. , Northgate (JHB) , Northwold , Olive Crest Estate , Olivedale , Ontdekkerspark , Panorama A.H. , Pennyville , Princess A.H. , Radiokop , Randpark Ridge , Reefhaven , Robertville , Roodekrans , Roodepoort North , Roodepoort West , Selwyn , Sharonlea , Slovoville , Stormill , Struben Ridge A.H. , Strubensvallei , Sundowner , Technikon , Tshepisong , Weltevreden Park , Wilfordon , Wilgeheuwel , Wilropark , Witpoortjie
Located in a peaceful crescent in the heart of Cosmo City, this property presents a lucrative opportunity for savvy investors.
The original structure features a 2-bedroom home with a bathroom, kitchen, and lounge adorned with tiles and fitted kitchen cupboards. Additionally, there's an income-generating structure comprising 2 cottages on the ground floor and 2 on the top floor. These units currently generate an average income of [hidden], with the potential for an increase if kitchenettes and wardrobes are added for tenants.
The primary dwelling has the potential to fetch between R5500 and R6000 in rent, offering a solid return on investment considering the entire property. Plans are in place to confirm approval of the development.
However, there are minimal touch-ups required to align with the approved plans which will allow funding for these improvements to be easily secured through a bank loan, as a single dwelling structure required by the munipality.
Don't miss out on this opportunity to expand your investment portfolio in a promising location.