Income generating property in Problem Mkhize Road. Ideally located close to Cowey Centre and the business hub of Problem Mkhize Road. This property comprises four income generating units and would be perfect for both commercial and residential purposes as it offers visible road frontage opposite the Bread Mill.
The main house is upstairs and is currently tenanted. It is in excellent condition and comprises three generous bedrooms all with built-in cupboards. It features a modern kitchen, separate lounge and dining room as well as a glass fronted verandah with views. This section opens out onto a back garden with private pool and back patio.
The second unit is downstairs. It is also very spacious and would be ideal as both business or residential premises. It comprises three good sized bedrooms with two bathrooms, open plan kitchen and lounge. Easy to convert for office use.
There is also a private garden cottage at the rear of the property with its own access. It is currently tenanted and comprises one bedroom with bathroom, lounge and open plan kitchen.
An additional flatlet at road level comprising one room with bathroom and kitchenette provides further income. This could easily convert to a shop. It has a glass door with road frontage. When fully tenanted the property has generated an income of R31 500 per month with the potential to capitalize further.
The house is charming and well presented. An excellent investment opportunity.