Development opportunity definitely available here, prime location
This property is situated in the popular small suburb of Clydesdale, a suburb well known to be within walking distance to the Loftus Versfeld Staduim and classy retail center Loftus Park. This property is ideal for a property developer looking to build to 4 storey residential units, however given the number of rooms in this commune which is a total of 25 rooms generating an average revenue of +/-R3 000 per month (that's a potential of R75 000 per month and R720 000 per year assuming a vacancy and bad debt rate of 20% or R900 0000 gross potential income). Even if you buy this property as a commune you can continue getting the appropriate zoning rights for 3 to 4 storey units, keep the property while generating a high revenue from it and sell it at a huge profit in a seller's market. There is a saying that goes "The best time to buy was 10 years ago, the second best time is right now" that is particularly true for people looking to invest in property in this buyers' market. Numbers don't lie, call today to arrange a viewing appointment.
Full & free title
Tiled Floors | Veranda | Stove