$1,074,971

Calling on all investors and / or developers!
Opportunity of a lifetime.
Situated in Cloverdene (registered as Van Rhyn SH), this exceptionally neat, secure, spacious and well maintained complex offers the following:
36 Freeholding simplexes comprising of 2 or 3 bedroom units, with either 1 or 2 bathrooms.
These units are all tiled inside, with open plan lounge, dining rooms and kitchen areas (combo scullery).
Modern with each unit having its own enclosed garden (pet friendly) and front patio, with built-in braai.
Security gates and burglar bars protect these properties.
Double carports per unit.
Prepaid electricity and gas stoves.
Remote control entry into the complex.

Block of flats, comprising 5 flats in total (bachelor and / or 1 / 2 bedroom flats).
20 Open stands, within the complex which have recently been approved for development.
This will increase the freeholding units from 36 to 56.
In addition to the above, the complex offers a swimming pool and braai / lapa areas, which can be utilised for parties and / or other events.
Also on offer is a childrens play area.
5 Storage garages, which can be rented.
Water reserve tanks (if needed) which can run up to 6 weeks.
7.5 Hectare stand.
Current rental income = R 250 000 pm, however with the development of an additional 20 units, this income will increase substantially.
The entire complex is fully walled, with electric fencing, and a guard at night.

Don't miss out on this well priced investment.
Phone the agent now for a viewing and make an offer.

Amenities

• Bedrooms: 3
• Full Bathrooms: 3
• Partial Bathrooms: 0
• Property Type: Single Family
• Home size: 75 ft² / 6.97 m²
• MLS: CBNN-7522
• Web ID: 5GKJDW
• Status: Active

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