Unique Guesthouse in Silver Lakes Golf Estate.
A fantastic investment opportunity.
Self contained apartments. Guesthouse rights in process. Choose your
own finishes. It can also work well for an investor interested in renting out the 5 separate apartments to corporate clients.
The main house offers a communal open plan family room, a huge double volume entrance hall, conference room, dining room, his and hers guest toilets and large entertainment areas. You will also find an open plan kitchen with a separate laundry and scullery.
Separate from the main house you will find 4 independent en-suite apartments, each with its own entrance and complete privacy. Each apartment has its own kitchenette, bedroom, bathroom and living space and can be rented out to a Corporate clients individually.
The main house offers a 3 bedroom apartment which is perfect for a bigger family.
The Corporate rental market in Silver Lakes Golf Estate is very buoyant and there is a huge demand for fully furnished rental apartments for single expats and executives. The smaller apartments can be rented out at around R 19, 000 per apartment, fully furnished, and the bigger 3 bedroom apartment in the main house can be rented out for around R 28, 000 per month fully furnished. This could mean a total rental income of around R 100, 000 per month for the 5 apartments.
There is ample space for a communal swimming pool and approximately 10 garages. You will also find double staff accommodation.
An amount of approximately R 2 million (depending on quality of finishes) will be needed to finish this property.
This house is well built with double walls and top quality foundations.
Well positioned in Silver Lakes Golf Estate in a quiet cul de sac.