R4,895,000
R4,895,000
Monthly Bond Repayment R51,361.08
Calculated over 20 years at 11.25% with no deposit.
Change Assumptions
Lucrative Investment Opportunity in Maitland
Essential Investment - Ideal for development - Exclusive listing | Asking R4 900 000
Welcome to your next investment venture at the prime intersection of Spencer Street and Coronation Road. This expansive property boasts a generous ERF size of 1054 sqm, providing ample space for both residential and potential income-generating ventures.
For the discerning homeowner-investor, this property offers a multitude of possibilities. Currently featuring 8 spacious bedrooms, 2 fully equipped kitchens, ample toilets, and a large double garage which can effortlessly be transformed into additional living spaces, this property is primed for customization to suit your needs.
Beyond its existing layout, the property includes a sizable yard of approximately 370 sqm, presenting an opportunity for further development or rental income. Whether you choose to develop the yard into additional residential units or maintain it as a lucrative rental space, the potential for profit is substantial.
Moreover, the property's GR4 zoning opens the door to future development endeavors, allowing for a total bulk amount of 1581 sqm of rentable space. This means that not only does this property offer immediate income opportunities, but it also holds promising prospects for long-term growth and expansion.
Unlock the full potential of this investment gem and reap the rewards of strategic property ownership. Don't miss out on this exceptional opportunity to secure your financial future. Contact us today to explore this unparalleled investment prospect or to schedule a private viewing.
Rates: TBC
Parking: 8 +
Size: 1054
GR4
Features
Interior
Bedrooms
8
Bathrooms
5
Kitchens
2
Exterior
Carports / Parkings
8
Sizes
Floor Size
228m²
Land Size
1,054m²
Maitland, Cape Town
Also known as the Mother City, Cape Town plays host to a multitude of beautiful areas and incredible cultures. Located in the southern point of the peninsula, Cape Town has become one of the most incredible places to visit in the world. From deep rooted cultures to incredible beaches, this is the place perfect for those looking to experience all the aspects that make this place a worldly recognized location.
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Disclaimer: While every effort will be made to ensure that the information contained within the Quay 1 International Realty website is accurate and up to date, Quay 1 International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.