House For Sale in Riversdale

Versatile Investment Property For Sale

EXCEPTIONAL MULTI-DWELLING PROPERTY WITH INVESTMENT POTENTIAL – WARDEN STREET, RIVERSDALE

DUAL MANDATE

General Residential III Zoning | Four Residential Units | Multiple Outbuildings | ±1,942 m2 Erf

An exceptional and versatile property opportunity awaits in Riversdale, offering a rare combination of generous space, multiple residential units and excellent supporting infrastructure.

Situated on a substantial ±1,942 m2 erf, the property is zoned General Residential III (GRZ III), creating an attractive opportunity for investors, extended families or buyers looking for a property with multiple accommodation options and future potential, subject to the relevant municipal approvals.

The property comprises a main residential building containing two separate units, together with two additional outbuildings accommodating two further residential units, as well as a workshop, storage facilities, covered parking and additional outdoor structures.

MAIN RESIDENTIAL BUILDING – ±285 m2

The main dwelling is constructed with plastered masonry walls, timber-frame windows and a pitched roof covered with corrugated sheeting. It comprises Dwelling 1 and Dwelling 2, providing two independent living spaces.

Dwelling 1 offers:

• Covered front porch
• Comfortable living room with kitchen area
• 2 bedrooms
• Bathroom with bath, shower, basin and toilet
• Built-in cupboards in the kitchen and one bedroom
• Municipal electricity and water
• Prepaid electricity meter
• Electric geyser

Dwelling 2 offers:

• Covered front porch
• Living room
• Dining room
• Kitchen with built-in cupboards and sink
• 1 bedroom
• Study with built-in cupboards
• 2 bathrooms, each with shower, basin and toilet
• Built-in wood burning stove/fireplace in the dining area
• Municipal electricity and water
• Prepaid electricity meter
• Hot water supplied by an electric geyser and solar panel

OUTBUILDING 1 – ±48 m2

This versatile outbuilding comprises Dwelling 3 and a storeroom.

Dwelling 3 features:

• Living room/kitchen
• 1 bedroom
• Bathroom
• Tiled living and bathroom areas
• Laminated flooring in the bedroom
• Municipal electricity and water
• Prepaid electricity meter
• Gas geyser

The adjoining storeroom provides useful additional storage space.

OUTBUILDING 2 – ±190 m2

The second substantial outbuilding accommodates Dwelling 4, a workshop and a covered area.

Dwelling 4 – ±104 m2

• Open-plan living room and kitchen
• 1 bedroom
• Bathroom
• Built-in kitchen cupboards and work surfaces
• Mezzanine floor for extra study area or bedroom
• Built-in bedroom cupboards
• Indoor braai area
• Municipal electricity and water
• Prepaid electricity meter
• Electric geyser and heat pump

Workshop – ±36 m2

• Plastered masonry walls
• Concrete floor
• Corrugated-sheet flat roof
• Municipal electricity

Covered area – ±50 m2

• Timber construction
• Corrugated-sheet walls and roof
• Excellent additional covered space

ADDITIONAL OUTDOOR IMPROVEMENTS

The property further benefits from:

• ±36 m2 covered parking
• ±36 m2 shade-net structure
• Multiple storage and utility areas
• Established infrastructure supporting the various residential units

AN ATTRACTIVE INVESTMENT OPPORTUNITY

With four separate residential units, generous additional buildings and General Residential III zoning, this property offers exceptional flexibility.

It could appeal to investors seeking multiple rental opportunities, extended families requiring independent accommodation, or buyers looking for a substantial property with the potential to explore further development possibilities, subject to municipal approval and applicable zoning requirements.

The combination of residential accommodation, workshop facilities, covered parking and extensive improvements makes this a particularly versatile property in Riversdale. This property can also be used as a retirement resort or frail care facility. The possibilities are endless.

Property Details:

- Warden Street, Riversdale

- Erf size: ±1,942 m2

- Zoning: General Residential III (GRZ III)

- Main residential building: ±285 m2

- Apartment C/outbuilding: ±48 m2

- Outbuilding 2: ±190 m2

- Covered parking: ±36 m2

- Shade-net structure: ±36 m2

- Four separate residential units

An opportunity with income-generating potential, flexible accommodation and future possibilities in a well-established Riversdale location.

Contact Servamus Properties today for further information or to arrange a private viewing.

All sizes and figures are estimates.