R1,800,000
R1,800,000
3
Bedrooms
3
Bathrooms
5
Parkings
Monthly Levy
R1
Special Levy
R1
Monthly Rates
R535
Total
R537
Multi Functional Bezuidenhout Valley Home with Great Views For Sale
51 North avenue
Web Ref.
RLS965737
Close to the iconic Yukon property along North road in Bezuidenhout Valley, this 3 bedroomed home with multiple cottages and outbuildings offers the far-sighted owner many different options
Features: 2 bedrooms downstairs and an attic bedroom upstairs, full bathroom with bidet and Jacuzzi, upstairs bathroom. wooden staircase, lounge with fireplace, well-equipped kitchen, huge enclosed front veranda with balcony that can be used as an entertainment area, bay windows, wooden doors and frames, tiled floors, security gates, burglar proofing, front garden, pool, single garage, single carport, uncovered parking for 3 extra cars, 2 toolsheds, back up generator connection, 4 linked cottages above the house & one stand alone cottage, large bar/entertainment area/ TV lounge within a prefabricated room (incomplete) to the left of the main house, panoramic views
The property has potential for student accommodation at subsidized rates for students via the tertiary education facilities nearby, Air B & B, Uber Eats, events venue, and other business opportunities
Currently, the house and cottages collectively net a monthly income of around R20 000
At the asking price of R1.8 million, this gives the investor a yield of 13%
This can easily be increased as the property has so much potential
BEZUIDENHOUT VALLEY
Bezuidenhout Valley is about 5 km east of City Hall, south of Observatory Ridge and north of Kensington Ridge. Bezuidenhout Valley takes its name from the farm purchased in September 1861 from the widow of BP Viljoen, by Frederick Jacobus Bezuidenhout.
Bezuidenhout Valley is situated on part of an old Witwatersrand farm called Doornfontein. Parts of the farm were sold from 1902 and the Bezuidenhout Valley stands from 1906. In March 1949, Willem Bezuidenhout sold the remaining land of 133ha to the Johannesburg City Council for use as a park and to be called Bezuidenhout Park.
Features: 2 bedrooms downstairs and an attic bedroom upstairs, full bathroom with bidet and Jacuzzi, upstairs bathroom. wooden staircase, lounge with fireplace, well-equipped kitchen, huge enclosed front veranda with balcony that can be used as an entertainment area, bay windows, wooden doors and frames, tiled floors, security gates, burglar proofing, front garden, pool, single garage, single carport, uncovered parking for 3 extra cars, 2 toolsheds, back up generator connection, 4 linked cottages above the house & one stand alone cottage, large bar/entertainment area/ TV lounge within a prefabricated room (incomplete) to the left of the main house, panoramic views
The property has potential for student accommodation at subsidized rates for students via the tertiary education facilities nearby, Air B & B, Uber Eats, events venue, and other business opportunities
Currently, the house and cottages collectively net a monthly income of around R20 000
At the asking price of R1.8 million, this gives the investor a yield of 13%
This can easily be increased as the property has so much potential
BEZUIDENHOUT VALLEY
Bezuidenhout Valley is about 5 km east of City Hall, south of Observatory Ridge and north of Kensington Ridge. Bezuidenhout Valley takes its name from the farm purchased in September 1861 from the widow of BP Viljoen, by Frederick Jacobus Bezuidenhout.
Bezuidenhout Valley is situated on part of an old Witwatersrand farm called Doornfontein. Parts of the farm were sold from 1902 and the Bezuidenhout Valley stands from 1906. In March 1949, Willem Bezuidenhout sold the remaining land of 133ha to the Johannesburg City Council for use as a park and to be called Bezuidenhout Park.
Features
Interior
Exterior
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Additional Amenities
Bezuidenhout Valley, Johannesburg
Up until the 20th Century Bezuidenhout Valley, also known as Bez Valley, was open fields and farmlands. Its growth intertwines with the development of greater Johannesburg. When there was an increasing demand for residential properties. Climate: Bezuidenhout Valley has a yearly temperature of 19 - 20°C. In Summer, the temperature can reach 32°C. And in winter, especially in July there is an average low of 9.5°C. Johannesburg has a subtropical climate, bringing summer rains and thunderstorms. Distance from Key Points: Bezuidenhout Valley is situated in the east of Johannesburg with Kensington to the south and Observatory to the north. It is 38 minutes via de Villiers Graaff Motorway / Pretoria Rd / M1 to Sandton. Only 12 minutes...
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Monthly Repayment
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