3 Bedroom Freehold For Sale in Essenwood

R2,995,000

Monthly Bond Repayment R29,901.48
Calculated over 20 years at 10.5% with no deposit.

Web Ref No RL48496

Place for your next development project

Set between 11th Ave and 12th Ave nestles this large plot, which is found spread over 3 levels.
The first, and lowest level, contains the pool area;
The second is where the existing 3-bedroom house is located. This is in renovation mode currently and a way from completion.
The third level, secured by a buttressed retaining wall, contains 2 single-bedroom apartments and a studio apartment, generating an income of over R13,000 p.m.
This building is seeking someone to fully restore it, or someone who has a grand design in mind for development.
The home is an AMAFA property, but not of major historical value like most houses in the area.

Give me a call to view. Sale is URGENT.