9 Bedroom House For Sale in East Bank - 40 ALBANY ROAD, 6466858

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INCOME GENERATING RESIDENCE WITH TREMENDOUS POTENTIAL

A remarkable nine-bedroom, eight-bathroom property poised for versatile utilisation as a professional establishment or a lucrative rental investment. Comprising nine bedrooms and eight bathrooms in total, this residence offers multifaceted opportunities. The upper level of the main house encompasses four distinct flatlets, each self-contained and featuring an open-plan layout comprising a lounge, bedroom, bathroom, and kitchenette. Sliding doors lead onto an expansive shared patio, affording scenic views of the swimming pool. Interconnected doors facilitate the creation of larger integrated spaces as desired. On the lower level, a three-bedroom unit with two bathrooms, a lounge, kitchen, and an adaptable space presently utilised as a 'man-cave', but suitable for conversion into an additional bedroom or dining area, awaits. This section can function autonomously and boasts a charming veranda extending the length of the house, overlooking the pool. Behind the main structure, two supplementary units with private entrances offer convenience and privacy, each featuring a bedsitter, kitchenette, and bathroom equipped with toilet, basin, and shower. Currently occupied by tenants, these units contribute to the property's rental income stream. Parking amenities include a single garage, a spacious carport, and ample yard space for additional vehicles. With current rental earnings averaging R 30,000, there exists substantial potential to enhance rental returns through property enhancements. This presents an enticing opportunity for investment, either as a self-sustaining asset or as a primary residence supplemented by rental income or Airbnb hosting. Don't miss the chance to explore this versatile property firsthand. Contact us today to schedule a viewing.

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