Calling all investors! This versatile property presents an exciting opportunity to secure a solid family home with multiple income-generating units, ideally positioned along the popular Lansdowne Road in the sought-after pocket of Nerissa Estate, Lansdowne.
Situated along a well-established business and transport route, the property enjoys excellent visibility and convenient access to public transport. It is approximately five minutes from the train station and is within easy reach of shops, schools, businesses and other everyday amenities. Its central location also provides convenient access to major surrounding routes, making it easily accessible for both residents and tenants.
The main residence offers a spacious and practical layout, beginning with an entrance hall that leads into a generous open-plan lounge and kitchen area. The sizeable kitchen includes an eat-in area, creating a comfortable space for everyday family living.
The home offers three generously sized bedrooms, with a fireplace adding character and warmth to the property. The living spaces provide plenty of room and versatility, while the property itself offers a solid foundation for buyers wanting to modernise and add their own personal touch over time.
Outdoor living is enhanced by a large swimming pool and entertainment area, offering additional space for relaxing, entertaining family and friends, or further enhancing the property's overall appeal.
What truly sets this property apart is its income-generating potential. In addition to the main house, the property currently comprises four studio apartments and one one-bedroom unit, generating a combined rental income of approximately R28,000 per month.
There is also a potential sixth unit, which is currently being utilised as a storeroom. Converting this space could potentially increase the total rental income to approximately R33,000 per month, making this an attractive option for an investor looking to build a strong rental portfolio or use the additional income to assist with bond repayments.
Security features include palisade fencing, an alarm system, burglar bars and security gates, as well as an existing electric fence that is currently inactive.
With its prominent position, multiple rental units, established income stream and potential for rezoning, this property offers a variety of possibilities for the savvy investor. Whether you are looking for a home with substantial supplementary income, a dedicated investment property, or a property with future development potential, this is an opportunity well worth exploring.
A rare find with excellent income-generating potential – contact us today to arrange your viewing!
Shibnim Shaboodien is a representative of Real Estate Power cc T/A Real Realty
