A property, not only unique, but providing such multiple options, that you need to visit it to appreciate what I am stating. With a full one-bedroom flat, solar panels, 30 000 liters of water reservoirs, jacuzzi, sauna , and a landscaped garden. The following are income options:
Option 1: Student accommodation to final year medical students. This property’s border fence is a few meters away from Steve Biko Hospital. Potentially an income of R 30 000.00 without any alterations to the current setup
Option 2: Utilize it for medical doctors or other professional medical staff. Potential income of
R 21 000.00 with no alterations.
Option 3: Student accommodation for TUT students. I successfully completed similar exercises to have a property approved for student accommodation. You will need to do alterations such as drywalling and plumbing work.
Potential income of R 100 000.00 pm. I already contacted the Town Planner of the relevant Zone, and he indicate they will allow business rights for mixed use, i.e., student accommodation.
Option 4: This house and the full fletched flat at the bottom, provides enough space for 3 families. The flat is below the hart of the place, namely the entertainment area. You will enjoy this part of the property the most. It is situated in a cul-de-sac, providing peace and quietness.
Some unique factors of the house:
Two separate Solar panel systems, worth more than R 350 000.00, providing 5 KVA each, total of 10 that provides enough electricity to upload to the grid.
Four water reservoirs, a total of 30 000 Litres.
Jacuzzi, sauna and entertainment area with a bar, a unique braai, pizza oven and washbasins to clean.
The owner invested more than R 2000 000.00 after he bought it. This includes a structure that was built on top, where you can built at least for more units for students.
Security consists of multiple CCTV cameras, electric fence, 4 Robo-guards, beams, to mention a few.