INCOME GENERATING INVESTMENT PROPERTY..GREAT POTENTIAL!
Calling all investors! This property presents an excellent opportunity to generate rental income, with some TLC needed to unlock its full potential and make it your own.
The property currently offers the following rental opportunities:
Main House – Upstairs:
• 3 separate rooms currently vacant
• Combined potential rental income of R7,500 per month
Main House – Downstairs:
• 1 separate room currently generating R2,500 per month
• An additional room has the potential to generate approximately R2,000 per month once tenanted
Outside Building:
• 5 bachelor units, each with an en-suite
• Currently generating a combined rental income of approximately R15,000 per month
Current Rental Income: Approximately R17,500 per month
Potential Rental Income: Approximately R27,000 per month once all vacant rooms are tenanted.
The property also offers ample parking space, making it an attractive opportunity for tenants and investors.
With some TLC and the right improvements, this property has excellent potential to become a strong income-generating investment.
Don’t miss out on this great investment opportunity. Contact me today to arrange a viewing and explore the potential this property has to offer.
The property currently offers the following rental opportunities:
Main House – Upstairs:
• 3 separate rooms currently vacant
• Combined potential rental income of R7,500 per month
Main House – Downstairs:
• 1 separate room currently generating R2,500 per month
• An additional room has the potential to generate approximately R2,000 per month once tenanted
Outside Building:
• 5 bachelor units, each with an en-suite
• Currently generating a combined rental income of approximately R15,000 per month
Current Rental Income: Approximately R17,500 per month
Potential Rental Income: Approximately R27,000 per month once all vacant rooms are tenanted.
The property also offers ample parking space, making it an attractive opportunity for tenants and investors.
With some TLC and the right improvements, this property has excellent potential to become a strong income-generating investment.
Don’t miss out on this great investment opportunity. Contact me today to arrange a viewing and explore the potential this property has to offer.
Monthly Rates
R3,800
Features
Interior
Exterior
Sizes
Listing Info
Meer En See, Richards Bay
- Street view
- Amenities
- Schools
Filling Station
0.62 km - Meerensee Filling Station
0.72 km - Total Richards BayIntercity Nissan
1.12 km - Meerensee Service Station
Hospital/Clinic
0.43 km - Assess Me Ltd
0.53 km - MediCross Meerensee
0.71 km - MediCross Richards Bay
Police Station
3.13 km - Sea Border Line Control
Shopping Centre
0.66 km - Meerensee Mall
0.70 km - Meer and See Mall
0.76 km - LA Shopping Centre
0.29 km - Sitholhlanhla Cp School 3001
0.56 km - St Francis Pre-Primary School
0.68 km - Saint Francis Lower Primary School
0.89 km - Richards Bay Primary School
0.97 km - Little Rascals Preschool Meerensee
1.13 km - Play And Schoolroom
1.26 km - El Shaddai Day Care
2.84 km - Siphumelele Secondary School
3.18 km - University of Zululand
3.38 km - Umfolozi Further Education And Training College
3.39 km - Umfolozi College
4.24 km - Lizwi High School
4.26 km - Kati Primary School
4.28 km - Richardia Primary School
Average sold property price in Meer En See
Freehold
Sectional Scheme
Vacant Land
Freeholds
R3,099,569
50.0%
Average price
72
50.0%
Transfers
Sectional Titles
R1,696,213
25.0%
Average price
90
25.0%
Transfers
Estates
R
0%
Average price
0
0%
Transfers
Disclaimer
While every effort will be made to ensure that the information contained within the Turner Estates website is accurate and up to date, Turner Estates 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.