1,054m² Guest House For Sale in Maitland
R4,900,000
11a Spencer street
Web Ref No 6387461
Versatile corner income producing property for sale in Maitland
* Sole Mandate *
This lovely property is located on the corner of Spencer Street and Coronation Road and offers an ERF size of 1054 sqm. This property offers a savvy investor the ability to invest in a versatile site with an income producing residential rental component along with an open yard component which provides the perfect opportunity to unlock huge potential.
The site currently has 8 full bedrooms along with 2 kitchens + ample toilets + a large double garage (easily converted into rooms) + a large yard of +- 370 sqm. This yard can be developed into residential spaces or simply rented out in its current form to a tenant. There is also a substantial front garden area which could be used as secure off street parking for tenants with quick alterations. The site as a whole also offers great development possibilities down the line with the zoning of GR4 thus allowing a total bulk amount of 1581 sqm of rentable space.
Overall this property offers a versatile investment with a number of ways to unlock value and thus achieve great returns. Contact me to discuss this great opportunity or to view.
This lovely property is located on the corner of Spencer Street and Coronation Road and offers an ERF size of 1054 sqm. This property offers a savvy investor the ability to invest in a versatile site with an income producing residential rental component along with an open yard component which provides the perfect opportunity to unlock huge potential.
The site currently has 8 full bedrooms along with 2 kitchens + ample toilets + a large double garage (easily converted into rooms) + a large yard of +- 370 sqm. This yard can be developed into residential spaces or simply rented out in its current form to a tenant. There is also a substantial front garden area which could be used as secure off street parking for tenants with quick alterations. The site as a whole also offers great development possibilities down the line with the zoning of GR4 thus allowing a total bulk amount of 1581 sqm of rentable space.
Overall this property offers a versatile investment with a number of ways to unlock value and thus achieve great returns. Contact me to discuss this great opportunity or to view.
Features
Zoning Commercial
Floor Size 1,054m²
Land Size 1,054m²
Floor Size 1,054m²
Land Size 1,054m²
Broker Contact Details
Message the Agent
1 of 1