Great investment opportunity in a rapidly growing area of Cape Town
This property is situated in Highgate Street in Maitland, a highly sought-after location for both young professionals and families. The area is in close proximity to major transport routes and this property sits on a quiet road nearby to all the amenities you could think of, from shops, businesses, educational institutions, hospitals and gyms.
This property comprises of two identical semi-detached properties that have been combined. Each semi-detached property is also for sale individually at R1 495 000 but would be subject to a subdivision.
The property generates an average of R3500-R4000 per bedroom as each of them have their own kitchenette and bathroom. There is also ample off-street parking for the tenants currently residing at the property.
The property is split in two- With the one side having four of the rooms with their own kitchenette and the other side of the property having 5 rooms that would share the main kitchen.
Evolution Property specialities in the management of co-living properties and would be able to provide the full tenant history for each tenant and the monthly costs associated with running an investment property of this nature.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
