R3,295,000
8
Bedrooms
6.5
Bathrooms
5
Parkings
Monthly Rates
R1,532
Total
R1,532
Here is a profitable Investment Opportunity with much to offer!
331 Vale Avenue
Web Ref.
RLS958039
This exceptional property, set in lush green surroundings, is suitable for a multi-unit rental, an Airbnb or those seeking to combine a home with a steady rental income to pay the bond. This secure haven is situated in the prime location of Ferndale.
The property consists of 5 units, a separate building for storage/office/convert to accommodation and servant’s quarters. Each unit has its own enclosed area and is positioned to offer a pleasant view of the common property.
Cottage 1: Eagles Nest - Rental: R15 000 pm
* Lounge and dining room open onto patio
* Sun room
* Spacious kitchen with laundry
* 3 Well-sized bedrooms
* 2 Full bathrooms
* Spacious open patio with braai area
* Double enclosed lock-up carport
* Alarm
Cottage 2: Heron - Rental: R10 500 pm
* Open-plan lounge/dining room
* Kitchen and scullery with space for 2 appliances
* 2 Bedrooms
* Full bathroom
* Guest loo
* Covered patio
* Courtyard
* Open storeroom
* Lapa/braai area
* Alarm
* Prepaid electricity and water meter
Cottage 3: Robins Nest - Rental: R7 702 pm
* Open-plan lounge/dining room
* Open-plan eat-in kitchen
* Well-sized bedroom
* Dressing room
* Full bathroom
* Covered patio
* Alarm
* Prepaid electricity and water meter
* Carport
Cottage 4: Kingfisher - Rental: R7 750 pm
* Open-plan lounge/dining room
* Spacious open-plan kitchen
* Spacious, well-sized bedroom
* Full bathroom
* Covered patio
* Prepaid electricity and water meter
Cottage 5: Sunbird - Rental: R4 700 pm
* Lounge
* Kitchen
* Bedroom
* Bathroom
* Open patio
* Water and electricity meter
Total Rental Income: R45 652 pm
Extras:
* Parking: 1 double lock-up garage & 2 single lockup garages, plus one semi-enclosed carport and open parking for 7 cars
* 2 Entrances with motorized gates and good lighting
* Zoned Residential 1
Don't miss out on this fantastic opportunity.
Contact me today for a viewing and experience the magic for yourself
The property consists of 5 units, a separate building for storage/office/convert to accommodation and servant’s quarters. Each unit has its own enclosed area and is positioned to offer a pleasant view of the common property.
Cottage 1: Eagles Nest - Rental: R15 000 pm
* Lounge and dining room open onto patio
* Sun room
* Spacious kitchen with laundry
* 3 Well-sized bedrooms
* 2 Full bathrooms
* Spacious open patio with braai area
* Double enclosed lock-up carport
* Alarm
Cottage 2: Heron - Rental: R10 500 pm
* Open-plan lounge/dining room
* Kitchen and scullery with space for 2 appliances
* 2 Bedrooms
* Full bathroom
* Guest loo
* Covered patio
* Courtyard
* Open storeroom
* Lapa/braai area
* Alarm
* Prepaid electricity and water meter
Cottage 3: Robins Nest - Rental: R7 702 pm
* Open-plan lounge/dining room
* Open-plan eat-in kitchen
* Well-sized bedroom
* Dressing room
* Full bathroom
* Covered patio
* Alarm
* Prepaid electricity and water meter
* Carport
Cottage 4: Kingfisher - Rental: R7 750 pm
* Open-plan lounge/dining room
* Spacious open-plan kitchen
* Spacious, well-sized bedroom
* Full bathroom
* Covered patio
* Prepaid electricity and water meter
Cottage 5: Sunbird - Rental: R4 700 pm
* Lounge
* Kitchen
* Bedroom
* Bathroom
* Open patio
* Water and electricity meter
Total Rental Income: R45 652 pm
Extras:
* Parking: 1 double lock-up garage & 2 single lockup garages, plus one semi-enclosed carport and open parking for 7 cars
* 2 Entrances with motorized gates and good lighting
* Zoned Residential 1
Don't miss out on this fantastic opportunity.
Contact me today for a viewing and experience the magic for yourself
Features
Interior
Exterior
Sizes
Ferndale, Randburg
Ferndale is a well-established, family-friendly area situated within beautiful surroundings. The lush and leafy suburb is located in the Randburg area of the Gauteng province in South Africa. There are various property types available within the suburb including apartments, townhouses and freestanding homes, making it an ideal place to live for anyone of all ages. A brief history of the area The area that is known today as Randburg was originally formed by four farms known as Klipfontein, Driefontein, Olievenhoutspoort and Boskop. The earliest settlers were the Boer pioneers who set roots in the area in the 1850s and 1860s. The farm Boskop was eventually subdivided and a part of it was proclaimed as Klipfontein. Further...
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