5 Bedroom House For Sale in Craighall Park
Exclusive Mandate - Opportunity knocks, don't miss this exceptional and rare opportunity in the highly sought-after Craighall Park. Perfect for astute developers or those looking to build their dream mansion. Negotiating offers, call now before it's gone!
The property requires TLC or demolition and is not in a move-in condition for one family - current Res 1 Zoning.
Property Highlights:
- Stunning elevated stand that allows for breath-taking sunset views
- The main house and cottages are currently all rented out
- Main house: converted to 5 living spaces, each room with pre-paid electricity, 3 bathrooms in total, communal kitchen in main house (2 rooms have kitchenettes and a bathroom each, (requires TLC)
- Additional: 6 self-catering flatlets, each with a bathroom and kitchenette, all have pre-paid electricity (requires TLC)
- Current rental income +/- R40,000 (potential rental income when all rooms have tenants, 4 x R3500 each. 7 x R4500 each = R45 500 per month)
- Ideal for sub-division, a small cluster development, or the creation of a luxurious dream home
Location Benefits:
- Situated on a popular Avenue close to CNR Cafe and SPAR.
- Surrounded by beautifully renovated and newly constructed homes
- Easy access to amenities, shops, eateries, and schools
Transform this prime position into a contemporary family haven in a coveted suburb and capitalise on its immense potential. Seize this excellent opportunity to infuse value and fashion a unique dream abode.
The property requires TLC or demolition and is not in a move-in condition for one family - current Res 1 Zoning.
Property Highlights:
- Stunning elevated stand that allows for breath-taking sunset views
- The main house and cottages are currently all rented out
- Main house: converted to 5 living spaces, each room with pre-paid electricity, 3 bathrooms in total, communal kitchen in main house (2 rooms have kitchenettes and a bathroom each, (requires TLC)
- Additional: 6 self-catering flatlets, each with a bathroom and kitchenette, all have pre-paid electricity (requires TLC)
- Current rental income +/- R40,000 (potential rental income when all rooms have tenants, 4 x R3500 each. 7 x R4500 each = R45 500 per month)
- Ideal for sub-division, a small cluster development, or the creation of a luxurious dream home
Location Benefits:
- Situated on a popular Avenue close to CNR Cafe and SPAR.
- Surrounded by beautifully renovated and newly constructed homes
- Easy access to amenities, shops, eateries, and schools
Transform this prime position into a contemporary family haven in a coveted suburb and capitalise on its immense potential. Seize this excellent opportunity to infuse value and fashion a unique dream abode.
Monthly Rates
R3,000
Features
Interior
Exterior
Sizes
Listing Info
Craighall Park, Johannesburg
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Firzt Property Group website is accurate and up to date, Firzt Property Group 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.