SOLE MANDATE
Close to the iconic Yukon property along North road in Bezuidenhout Valley, this three bedroomed home with multiple rooms and outbuildings offers the far-sighted owner many different options
Features: Two bedrooms downstairs and an attic bedroom upstairs, full bathroom with bidet and Jacuzzi, upstairs bathroom. wooden staircase, lounge with fireplace, well-equipped kitchen, huge enclosed front veranda with balcony that can be used as an entertainment area, wooden doors and frames, bay windows, tiled floors, security gates, burglar proofing, front garden, pool, single garage, single carport, uncovered parking for three extra cars, two toolsheds, back up generator connection, four linked rooms above the house & one stand alone room, large barentertainment area TV lounge within a prefabricated room incomplete to the left of the main house, panoramic views, CCTV cameras, rental solar panesl completes this pristne property.
The property has potential for student accommodation at subsidized rates for students via the tertiary education facilities nearby, Air B & B, Uber Eats, events venue, and other business opportunities
Currently, the house and rooms collectively net a monthly income of around R20 000
At the asking price of R1.1 million, this gives the investor a yield of 21
This can easily be increased as the property has so much potential
BEZUIDENHOUT VALLEY
Bezuidenhout Valley is about 5 km east of City Hall, south of Observatory Ridge and north of Kensington Ridge. Bezuidenhout Valley takes its name from the farm purchased in September 1861 from the widow of BP Viljoen, by Frederick Jacobus Bezuidenhout.
Bezuidenhout Valley is situated on part of an old Witwatersrand farm called Doornfontein. Parts of the farm were sold from 1902 and the Bezuidenhout Valley stands from 1906. In March 1949, Willem Bezuidenhout sold the remaining land of 133ha to the Johannesburg City Council for use as a park and to be called Bezuidenhout Park.