8 Bedroom House For Sale in Belgravia

Description

A fantastic opportunity for investors seeking multiple rental income streams in Belgravia, Cape Town. Set on a 496 m² erf, this spacious 280 m² property comprises: • 4-bedroom, 2-bathroom main house • Kitchen, lounge & dining area • Two separate 2-bedroom granny flats • Tandem garage • Parking for 3 cars • Potential for three rental income streams Based on estimated market rentals, the property could potentially generate approximately R31,000 – R38,000 per month, depending on the rental strategy. At an estimated rental income of R35,000 per month, the potential gross rental income is approximately R420,000 per year, representing an estimated 18.3% gross rental yield at the asking price of R2,295,000. Ideal for investors looking to generate rental income from multiple units, or for an owner-occupier wanting additional income from the two granny flats. A property with excellent income-generating potential at R2,295,000. Contact me today to arrange a viewing!!!