R2,700,000
R2,700,000
Monthly Bond Repayment R28,793.60
Calculated over 20 years at 11.5% with no deposit.
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R2,942
Investment Opportunity: B&B or Student Accomodation
The property is situated in a quiet and safe neighbourhood of Southernwood, East London, with easy access to public transport and essential amenities such as a supermarket, petrol station, and hospitals. The potential buyer of this property is immense, as it can cater to a range of markets such as business travellers, students, and working people. The furnishings and additional amenities add value to the property, making it an attractive investment opportunity for those looking to acquire a well-established B&B or student accommodation.
Furthermore, the property comes with an approved plan to build a double storey at the back, which gives the future owner the option of expanding by adding additional rooms for accommodation. This opportunity allows the new owner to potentially make long-term financial gains. With interest rates increasing all the time, this will benefit the owner by generating additional income and increasing the property value.
The property ensures good security with high walls and electric fencing all around, ensuring that residents can always stay safe within its boundaries with no risk of intruders or trespassers gaining access to the property. This provides peace of mind for the residents. The automated gate and the intercom system is also part of security and a reliable WiFi connectivity to cater to your technological needs.
It also offers a delightful living experience, as each room is thoughtfully equipped with its own TV, a convenient fridge bar, a comfortable bed, a working desk for work or study, and a well-appointed kitchenette. The rooms also feature spacious built-in cupboards. Additionally, the property has transformed the garage into a convenient and practical laundry area. This setup includes washing machines, making your laundry chores easy.
One notable advantage of this house is its provision of a generator. With load shedding challenges that occur from time to time, having a generator ensures that you will have uninterrupted power supply, providing you with peace of mind and convenience.
A must-see!!! Please call Saira now to make an appointment to view this home before someone else snaps it up.
Features
Interior
Exterior
Sizes
Extras
Built In Braai • Alarm System • Security Gate • Kitchen: Original • Main Bedroom: Double • Main Bedroom: Built-in-robe • Ensuite: Separate Shower • Bedroom 2: Double • Bedroom 2: Built-in / Wardrobe • Bedroom 2: Additional Info • Bedroom 3: Double • Bedroom 3: Built-in / Wardrobe • Bedroom 3: Additional Info • Bedroom 4: Double • Bedroom 4: Built-in / Wardrobe • Bedroom 4: Additional Info • Main Bathroom: Separate Shower • Laundry: In Garage • Window Coverings: Drapes • Heating / Cooling: Ceiling Fans • Heating / Cooling: Electric • Land Contour: Flat • Window/door Frames: Aluminium • Water Supply: Town Supply • Water Supply: Bore • Sewerage: Mains • Security: Electric Fencing • Security: IntercomSouthernwood, East London
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