Web Ref No CVBD-0528

INVESTMENT OPPORTUNITY IN NEW DOORNFONTEIN

Welcome to an exceptional investment opportunity in the vibrant neighborhood of New Doornfontein, Johannesburg. Strategically located within walking distance from Ellis Park Stadium, this property offers not just a prime location but also a promising business venture.

Situated on a generous land size of 573m², this property presents a double-storey accommodation building designed to maximize rental potential. Currently, the establishment comprises 29 rooms, each equipped with its own pre-paid meters, offering tenants convenience and autonomy in managing their utilities.

The accommodation includes four shared bathrooms, ensuring practicality and comfort for residents, along with a dedicated washing-up area for dishes and laundry facilities on both floors. Additionally, an outdoor area is available for hanging washing, providing added convenience for tenants.

Parking is a premium feature of this property, with a large basement area offering ample space for vehicles, enhancing its appeal to potential tenants.

With a current rental income of R40,000 per month, this investment property represents a lucrative opportunity for those seeking to expand their portfolio or enter the rental market. The steady income stream coupled with the property's prime location ensures a promising return on investment.

Whether you're a seasoned investor looking to diversify your holdings or a newcomer seeking to capitalize on the burgeoning rental market in Johannesburg, this property promises both stability and potential for growth.

Don't miss out on this chance to secure a profitable investment in one of Johannesburg's most dynamic neighborhoods. Arrange a viewing today and seize the opportunity to make this lucrative venture a reality.