Web Ref No 6165945

Exclusive Mandate | Welcoming Offers from R 2 450 000

Introducing a unique investment opportunity in the heart of Maitland's coveted Highgate Street, perfect for both young professionals and students! Further adding to the investment appeal is the fact that this property is GR4 Zoned, allowing for development, and is only seconds away from the planned bridge between Black River Parkway and the "Amazon Development".

This property, comprising two semi-detached houses meticulously converted into modern student or young professional accommodations, offers the best of communal living and personal space. One of the semis boasts five spacious bedrooms, each featuring its en-suite, fostering a sense of privacy, and these bedrooms share a vibrant communal kitchen.

The other semi offers four well-appointed bedrooms, each with its en-suite and a convenient kitchenette, ideal for those desiring independent living.

In addition to its strategic location near major transport routes, this property is conveniently nestled on a quiet road, ensuring a peaceful living environment. Enjoy easy access to an array of amenities, including shops, businesses, educational institutions, hospitals, and gyms.

Each semi-detached property is available for individual purchase at R1,495,000, subject to a subdivision, providing a flexible investment opportunity for discerning buyers *

Moreover, this property stands out as an excellent income generator, with each bedroom fetching an average of R3,500-R4,000 in rental value. Tenants enjoy the convenience of their own kitchenette and bathroom, enhancing their living experience. The property features ample off-street parking, ensuring the comfort and security of its residents. The management of this co-living property is expertly handled by Evolution Property, offering detailed tenant histories and monthly cost breakdowns. With its prime location, flexible purchasing options, and robust income potential, this property represents a rare opportunity for investors seeking a prosperous venture in the thriving Maitland community.

Rental Income | R3,500 - R4,000 per room

Zoning: GR4

Parking: 4/5 cars off-street

Rates & Taxes | +/- R1,500

Welcoming Offers from R 2 450 000

Do not miss out on this Great Investment Opportunity!

To arrange for a viewing please contact the agent