Web Ref No RL20521

Kingsgate Mews, a complex comprising of 5 spacious townhouses. The complex is being marketed as a whole offering investors an excellent opportunity to capitalise on lucrative returns. All the units are currently rented out with leases terminating in stages during 2024. The steady demand for rental properties in the area is driven by the easy access location being close to schools, major roads and amenities which ensures that rental returns grow year on year providing a reliable stream of income. The units are currently let out on long term leases however, with Kenilworth's proximity to attractions, major centres and businesses they could also make for appealing short term rentals. All units span over three levels offering ample space for residents.

The complex has secure parking for 12 vehicles, is fully walled and protected with electric fencing and gates. The block offers great potential and any enhancements would certainly show positive returns. Units 2 to 4 measure approximately 151 sqm in size and comprise of kitchen, spacious combined lounge and dining area which opens onto a private patio on the ground level. The first level offers two family bedrooms (one being en-suite) and the other with built in cupboards as well as a full family bathroom. The second floor opens onto a substantial main bedroom with full en-suite and built in cupboards. Unit 1 measures approximately 169 sqm in size and on the entrance level comprises of kitchen, spacious lounge, separate dining room and a larger private patio. The second level houses two family bedrooms both with built in cupboards and one en-suite and both having access to an open balcony. There is also a full family bathroom on this level. The second floor has a large main bedroom with full en-suite and opens onto a private balcony. Unit 5 measures approximately 187sqm in size. The entrance level comprises of the kitchen, combined lounge and dining area and private patio. The second level offers three family bedrooms one en-suite, one with built in cupboards and one opening onto a private covered balcony. This floor also has a full family bathroom. The second floor offers the main en-suite and a fifth bedroom or study. All in all a very attractive complex with huge potential and well worth viewing!

DETAILS:

UNITS 1 – 5
172618 – 172622
1 Bray Road
Land 853 sqm
Floor space +- 811 sqm
16 beds
16 baths
5 lounges
5 kitchens
5 dining areas
Secure parking for 12 cars
Walled and electric fencing
5 patios