Exceptional Investment Property with Modern Amenities and Future Expansion Potential
Discover unparalleled living in this expansive property, strategically located just 1km from the University of the Free State (UFS) and Pick & Pay Bloemgate. Offering a blend of modern amenities, ample space, and extensive security features, this property is the ideal venue for creating a high-yielding rental property.
With minimal renovations needed and approved plans for future expansion, this property is perfect for establishing a Student House that can accommodate between 13-15 students, generating a potential income of R40,000 - R45,000 per month.
Main House (131 m2)
Bedrooms:
- 4 Spacious Bedrooms: Each room is equipped with built-in cupboards, providing ample storage space.
Bathrooms:
- 2 Modern Bathrooms:
- Main bathroom: Features a basin, toilet, and bathtub.
- Ensuite (Bedroom 4): Includes a shower and toilet.
Kitchen:
- Open Plan Kitchen: Boasting granite countertops and newly fitted built-in cupboards, perfect for culinary enthusiasts.
Dining Room:
- Open Plan Dining Room: Designed for family meals and social gatherings.
Living Room:
- Open Plan Living Room: Spacious and inviting, ideal for relaxation and entertaining guests.
Entertainment Room:
- Entertainment Haven: Features a built-in braai and sliding doors on two sides, making it perfect for social gatherings.
Flat (60 m2)
Bedrooms:
- 2 Cozy Bedrooms: Both rooms come with built-in cupboards.
Living Room:
- Comfortable Living Room: A welcoming space to unwind after a long day.
Kitchen:
- Modern Kitchen: Equipped with built-in cupboards and Caesar stone countertops.
Bathroom:
- Complete Bathroom: Includes a shower, bathtub, toilet, and basin.
Store Room (18 m2)
Adjacent to the flat, this space offers potential for expansion or conversion into a bachelor’s flat.
- Secure Storage: Comes with a lockable door and windows for safety and ventilation.
Garage (49 m2)
- Double Garage: Measuring 7x7m, with tiled floors and ceilings for a polished look. This area can be easily converted into additional living space, with an outside toilet conveniently located adjacent to the garage.
Carport/Under Roof Areas
- Undercover Parking: Conveniently located in front of the flat.
- Versatile Use Areas: Adjacent to the store room, flat, and living room.
Laundry Room
- Easy Access: Situated next to the garage for added convenience.
Security Features
- Fenced Property: Equipped with devil's fork fencing in the front yard.
- Alarm System: Installed to enhance security.
- Burglar-proofed Windows: For added peace of mind.
- Fibre Internet: Available for high-speed connectivity.
Approved House Plans for Future Expansion
- Additional Bedroom: Potential to add a 5th bedroom with an ensuite bathroom.
- Second Level Addition: Possible expansion on top of the garage.
- Swimming Pool Installation: Pre-approved for a future pool.
- House Extension: Approved for a 1.5-meter extension on two sides, totaling a 3-meter expansion.
This property offers an exceptional opportunity to invest in a versatile and secure living space with significant rental potential. Don't miss out on creating your dream rental property in this prime location. Contact us today to arrange a viewing or for more information.
