We are proud to present this great investment opportunity in Southernwood. A 10-bedroom house located on the main street of Southernwood, within walking distance to a shopping complex and a private hospital. The property is generating a rental income of over R20,000. It is rented out per room, with 5 rooms in the main house.
Additionally, there is a 2-bedroom flat outside, complete with its own kitchen and bathroom, as well as four outside rooms, each with their own external toilets. The property is fully secure, with walls all around, and is fully occupied with tenants. Prepaid electricity meter boxes are installed in each room. Parking for 2 vehicles is available.
Located halfway between Durban and Cape Town, and at the northern end of The Sunshine Coast, property investors will come home to a city with a seaside lifestyle.
A sub-tropical climate compliments golden sun kissed shores, where waves soak the sand on pristine, uncommercialised beaches.
In East London, there is a place for everyone to call home. If your budget and lifestyle is conducive to luxury living, suburbs...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
