16 Bedroom House in Craighall Park, Sandton For Sale for R 7,750,000 #1945452

Unique Investment Opportunity

Ref # 1945452 : Craighall Park , Sandton , Gauteng

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Property Details

R65,000 Monthly income yielding a 9.3% return on investment. In a wonderful suburb with all facilities close at hand.

Numerous Options:

Property size approximately 3000 square meters with 10 income producing residential, 1, 2 & 3 bedroom units set in lovely established garden setting with pools.

Three Options:

1. Continue running the business, maintaining a monthly income of R65,000, currently with good stable tenants.

2. Consolidate property, rezone for development of medium residential units, in great demand in the area, while maintaining the monthly income of R65,000.

3. Separate the two properties - buy either one or the other as homes, maintaining a monthly income from the units in this most sought after wonderful suburb.

Craighall Park - Suburb that has it all.

3 Strong shopping centres

Many churches

Very sought after nursery schools

Excellent Primary Schools - private and government.

Veterinary clinic

Petrol station

Restaurants

Retiremet Village

Colorful splendid nursery

coffee shops

Numerous green areas/parks - the Delta

Kiddies play areas

Top security patrolling

Riding school with stables

Scout hall

Bowling club, tennis club etc.

Very centrally situated with easy access to Hyde Park, Dunkeld, Rosebank, Sandton, Randburg

Strong Residents Association and security.

A very good village feel with residents walking kiddies and dogs.


Property Features

  • Property Type House
  • Beds 16
  • Bath 11
  • Carports 11
  • Pool Yes
  • Building Size
  • Stand Size 3,028m²

Location