Nestled on sought-after Marine Drive in the ever-popular Oceanview area of the Bluff, this multiple rental income property presents an exciting opportunity for savvy investors or buyers wanting to live on-site while letting the rental income help carry most of the bond repayment. Marine Drive is known as one of the Bluffs stronger and more desirable roads, offering excellent convenience, accessibility, and long-term investment appeal.
The property can generate an impressive total rental income of approximately R27 000.00 per month, with the following breakdown:
3 Bedroom Main House R11 500 per month
2 Bedroom Unit R7 500 per month
1 Bedroom Unit R5 500 per month
Bachelor Flat R2 500 per month
These are very fair estimates and could easily get a bit more per unit
What makes this property stand out is the thoughtful layout of the various units, allowing each tenant to enjoy their own sense of privacy, separate parking areas, and garden space. The property also offers two driveway entrances together with ample parking space for all occupants and visitors.
Positioned in a prime location, you are just minutes away from beaches, schools, doctors, shopping centres, malls, and all major amenities, while also being conveniently situated on a public transport route.
Yes, the property could benefit from a little TLC, but there is not too much work needed to restore this gem to its full glory. The potential here is undeniable, making this an excellent investment opportunity for anyone looking for a property that can almost pay for itself through the monthly rental income.
Multiple rental properties in good areas of the Bluff are always in demand and seldom stay on the market for long. Why not come take a look and make a reasonable offer before this opportunity slips away