INVESTMENT OPPORTUNITY IN PINEVIEW NORTH, GRABOUW
Grabouw is renowned as an apple and pear producing area in the Western Cape of South Africa. Grabouw has a huge shortage of affordable accommodation. This property consists of 4 units 2 duplexes and 2 flats that are currently all tenanted, generating a combined income of R28 000 per month. This income covers almost all costs, even if the property is fully financed by a bank.
Main House:
1st duplex - consisting of 3 bedrooms, a kitchen, a lounge and a full bathroom. One garage and an upstairs balcony.
2nd duplex consisting of 3 bedrooms, a fitted kitchen, lounge and a full bathroom. One garage and an upstairs balcony.
Second building at the back of the main house:
Ground floor flat consisting of one bedroom with built-in cupboards, a kitchen with built-in cupboards, a lounge, a bathroom with a toilet and a shower. One carport.
1st floor flat One bedroom with built-in cupboards and blinds, a kitchen with built-in cupboards and blinds. A lounge with blinds on one window, a bathroom with a bath and toilet.
The property is situated in the middle of Pineview, from where most of Grabouws labour force comes from. Ideal for farm staff or pack-house workers.
Please contact me for a viewing.