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This investment property presents a fantastic opportunity for investors looking for a versatile and high-potential asset. Boasting a current rental income of 5k, the property's location adjacent to schools, shops, and highway access adds tremendous value and ensures a consistently sought-after rental market.
Inside the property, you'll find two bedrooms, offering comfortable living spaces for tenants. Additionally, there is a well-appointed bathroom, providing convenience and functionality. The lounge area serves as a central gathering point and a place for relaxation and entertainment.
Beyond the dwelling's interior, the real value of this investment lies in its substantial plot size of 917m². With ample space available, there is immense potential to convert this property into a thriving commercial space, perfectly positioned to benefit from its location with bustling traffic.
The neighboring schools make this property an attractive living option for families, providing a steady stream of potential tenants seeking proximity to educational institutions. The nearby shops further enhance desirability by providing convenience and access to essential amenities and services.
In addition to the location benefits, the property's highway access ensures easy and efficient transportation for both residents and businesses. This connectivity expands the pool of potential customers for future commercial endeavors on the converted premises, maximizing profitability.
Investing in this property promises not only a lucrative rental income stream but also the potential for substantial growth and return on investment through converting the generous plot into a high-traffic commercial property. With its two bedrooms, one bathroom, and a comfortable lounge area, this property offers a solid foundation for both residential and commercial success, making it a wise and lucrative investment opportunity.
East London property at a glance
Looking for an East London property or house for sale to call home? East London fondly referred to as Buffalo City, is a perfect blend of old fashioned values with a relaxed charm, making it a great place to buy property. East London's most predominant appeal is the long stretches of unpolluted and uncrowded white sandy beaches, with pleasant all year around weather. East London...
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Disclaimer: While every representation will be made by Lew Geffen Sotheby's International Realty to ensure that the information contained within the website is accurate and up to date, makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
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