380m² Guesthouse For Sale in Newlands

R4,400,000

Web Ref No NPP69958

Calling All Investors!

20 Bedroom commune which is currently fully tenanted with 6 shared bathrooms. Communal lounge and open plan kitchen with gas hob and oven. Plenty of parking for all tenants. Separate laundry with washing machine and tumble dryer. All bedrooms equipped with beds and built-in cupboards. Beautiful manicured garden. Good security with alarms and electric gate with keypad.
Tenants pay R4 300 pm water and electricity included.
Zoning in place for guest house.
Good investment produced monthly income of more than R85 000 pm.
Walking distance to Menlyn Maine & Menlyn Mall.

Set in the eastern suburbs of Pretoria, Newlands lies just on the other side of the N1 from Waterkloof Ridge, neighbour to Garsfontein, Faerie Glen and Constantia Park. It is a pretty little suburb with wide, leafy streets, close to large shopping malls like Menlyn Park Shopping Centre. This older, more established part of Pretoria is very accessible.