This beautifully renovated character home, parts still with original wooden floors is in an area being turned into a student village. It is only 600 meters from the main campus and for sale to the savvy investor. The main house consists of 4 bedrooms, 2 full bathrooms and a spacious living area while the separate outside cottage has 2 big rooms, a full bathroom and small kitchenette. The property is currently occupied by 6 senior students who's rental contract expires at the end of November so at this stage one can still get vacant occupation if you need space for your own children. For an investor the expected gross rental income next year will be close to R30 000 per month.
It is also ideal as a family home or for your own student children especially if you want to earn an extra income from the property. Developers are also very active in the area so there are many options to make money here. Contact the sole agent today for a viewing. Hendrik