This property consists of a main house and four tenanted cottages. The property has the potential to yield around R20 000 per month.
The main house boasts three spacious bedrooms with fitted cupboards except one. The house is tiled throughout. The large lounge accommodates any size lounge suite with room for a dining suite as well. The bathroom has a bath, toilet and a basin.
The self-contained cottages are more or less of the same size. They are large enough to accommodate a queen bed and a couch. The bathroom has a shower, toilet and basin. There is a kitchenette with a single sink and fitted cupboards.
This investment property is in a sought-after area of Cosmo City and has room for further development. It is fully walled and gated. It is also close to Cosmo Mall, a shopping centre, a filling station, schools and other amenities.
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History
Roodepoort, meaning red valley, was established in 1886 as one of four Witwatersrand goldfields. With 98% of South Africa's gold production coming from this area, Roodepoort homeowners can literally say, their town is built on gold.
Following the discovery of massive amounts of gold on the Witwatersrand and the need for a major town west of the reef, Krugersdorp was founded in 1887.
In 1961 South...
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