8 Bedroom Freehold For Sale in Westville

Description

A rare and highly profitable Sectional Title Scheme is now available in the sought-after Grayleigh, Westville — an investment opportunity that delivers consistent returns. Generating a gross monthly income of R42,000, with rates of R3,600, this property provides a net income of R38,400 per month, a stable yield maintained since 2018. This fully tenanted scheme comprises two spacious units plus a granny flat, offering both immediate income and future development potential. SECTION 1 Main Unit: 3 bedrooms, 2 bathrooms, lounge, dining room, fitted kitchen, entertainment area, and double lock-up garage. Granny Flat: 1 bedroom, open-plan lounge & kitchenette, bathroom, and single lock-up garage. Rental Income: R16,500 (main unit) + R8,000 (granny flat) = R24,500 per month. SECTION 2 4 bedrooms, 3 bathrooms, lounge, dining room, kitchen, double garage, and a private pool. Rental Income: R17,500 per month. FUTURE DEVELOPMENT POTENTIAL The property includes Real Rights, allowing for the construction of an additional 4-bedroom unit, enhancing long-term investment value. PRESTIGIOUS LOCATION & LIFESTYLE APPEAL Situated in the secure Cowies Hills Estate, this well-maintained complex offers: Prime Location: Close to shopping malls, top schools, and healthcare facilities. Security & Peace of Mind: Within a controlled-access estate. Private Gardens: Ideal for families and pet-friendly living. Effortless Investment: Low-maintenance, high-return rental property. This exceptional investment is perfect for smart investors seeking passive income and capital appreciation. Opportunities like this are rare—schedule your private viewing today!