Discover the perfect investment opportunity with this exceptional property located in the vibrant community of Mandalay, Cape Town. Priced at R1,600,000, this versatile property offers a unique blend of residential comfort and investment potential, making it ideal for both new and seasoned property investors.
Situated on a spacious plot of 484 square meters, this property features a charming two-bedroom house, complete with built-in wardrobes in both rooms. The home boasts a family bathroom and an inviting open-plan layout that seamlessly connects the lounge and kitchen areas, creating a warm and welcoming living space.
Enhancing the property's value are three additional flats located at the back of the main house. Each flat is designed with an open-plan layout and includes a mini kitchen, built-in wardrobes, as well as a toilet and shower. This setup provides excellent rental income potential or can serve as guest accommodations.
Practicality meets convenience with a carport and ample parking space available for all tenants. Additionally, the property is equipped with a borehole connected to the house, ensuring a reliable and sustainable water supply.
With municipal rates at just R487, this property is not only affordable to maintain but also comes with approved plans, offering you peace of mind and the flexibility to further develop or modify to your liking.
Whether you're looking to start your investment journey or expand your portfolio, this property in Mandalay is a prime choice offering substantial returns and growth potential. Don't miss out on this exceptional opportunity to invest in Cape Town's dynamic real estate market. Contact us today to schedule a viewing or for more information.
