Investment Opportunity: Income-Generating Property with Multiple Cottages
This property presents an exceptional investment opportunity, featuring income-generating cottages in addition to the main house. The main residence boasts three spacious bedrooms, two bathrooms, and a charming open-plan kitchen with a scullery. The open living with a wood-burning stove and dining areas create a welcoming atmosphere. An outdoor patio with an undercover jacuzzi is ideal for entertaining, overlooking a well-established garden.
Cottage 1: Garden-facing with a serene view Open-plan kitchen and small living room Open-plan bedroom Separate parking
Cottage 2: Located upstairs with abundant natural sunlight Two bedrooms and two bathrooms Balconies on both sides for outdoor relaxation
Cottage 3: Situated behind the main house with its own parking One-bedroom Living room Fully self-contained kitchen and a private garden
Cottage 4: This is a studio cottage with a private entrance. It has a self-contained kitchen and bathroom with shower. It overlooks a gorgeous, well-maintained garden.
All units have their own private entrances and are independant from the main house.
This property currently generates a passive income of R3200 per month, making it a highly attractive investment with a proven track record.
The area, known generally as The Upper Highway, lies between Westville and Pietermaritzburg and is made up of smaller suburbs such as Kloof, Gillitts, Hillcrest, Winston Park, Botha's Hill, Assagay and Waterfall. Once known as a sleepy village, the Upper Highway has become a much sought-after area for families to invest in their futures. From lush greenery in Kloof to the breath-taking Valley of a Thousand Hills,...
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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.
