R3,990,000

4 bedroom house for sale in Capital Park

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.

Property Type
House
Bedrooms
4
Bathrooms
4
Stand Size
1,701m²
Building Size
600m²
Study
2
Garages
2
Parking
4
Rates & Taxes
R1,100
Pool
Yes
Staff Rooms
Yes
Electric Gate
Yes
Totally Fenced
Yes
Alarm System
Yes
Security Gate
Yes
Burglar Bars
Yes
C C T V
Yes
Intercom
Yes
Electric Fencing
Yes
Perimeter Wall
Yes
Security Beams
Yes
Security Doors
Yes
Jacuzzi Bath
Yes
Pets Allowed
Yes
Satellite Dish
Yes
Sauna
Yes
Sliding Doors
Yes
Special Lights
Yes
Patio
Yes
Digital Fibre
Yes
Wine Cellar
Yes
Water Storage Tanks
Yes
Electric Solar Panels
Yes
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house listed on 03 Mar 2021