5 Bedroom Freehold For Sale in Cosmo City

Description

Calling All Serious Investors! An excellent investment opportunity in the sought-after Cosmo City Ext 6! This well-positioned, income-generating property comprises a two-bedroom main house plus three cottages, offering an attractive opportunity for investors seeking a property with existing rental income and potential for further development. The main house features: Two generously sized bedrooms, both fitted with floor tiles and comfortably accommodating sizeable bedroom furniture. A functional kitchen with a single sink and space for two appliances. A bathroom fitted with a shower, basin and toilet. The three cottages are well-sized and designed to comfortably accommodate a kitchenette, bedroom furniture and a couch. The cottages are provided with a shower and basin and a separate toilet, providing practical accommodation for tenants. The property is fully walled and gated, offering privacy and security. It sits on a fairly large stand, with sufficient space and positioning to allow for potential future development, subject to the relevant approvals. Currently generating approximately R10,000 per month in rental income, this property presents an opportunity to acquire an established income-producing asset with scope to potentially increase its income and value over time. Located in a sought-after section of Cosmo City Ext 6, the property benefits from convenient access to a well-established public transport network and a range of essential amenities. A police station, fire station, shopping centre and other services are all located within close proximity. Investment highlights: 2-bedroom main house 3 income-generating cottages Approximately R10,000 current monthly rental income Large stand with further development potential Fully walled and gated Convenient access to public transport Close to essential amenities Serious investors are encouraged to take advantage of this opportunity. Contact me today to arrange your viewing. Viewings are strictly by appointment and are reserved for pre-qualified buyers.