Residential Investment & Development Site, 73 Brackenhill Road, Waterfall
Extent: ± 10 318 m² |Main house comprising: 4 Bedrooms, 2 bathrooms | 5 Cottages |If fully let: Annual income of ± R 240K | Zoned for 20 residential units | Fully walled
This ± 10 318 m² residential development site is situated on the corner of 78 Brackenhill Road and 70 Sutherland Road bordering the industrial precinct of Waterfall and close to the new Watercrest Mall in Waterfall.
This existing Mediterranean property development has all attributes that will interest an investor due to its 5 Units let out and for a developer to progress further with units on a ± 7 000 m² peace of walled land in a growing precinct.
The main House comprises of 4 Bedrooms, 2 Bathrooms, main en-suite, country kitchen, dining room, living room with fire place, bar and entertainment area, enclosed pool, private garden and double car port.
This Unit consists of one Bedroom with bathroom en-suite, open plan living area with kitchen, private garden and double car port.
This Units enjoys two Bedroom, one bathroom, kitchen and open lounge and dining room area, private garden, double carport and one visitor parking.
This unit is a Bachelor Flat with en-suite bathroom, open plan lounge and kitchen, one open parking bay.
This one Bedroom one bathroom unit consists of open plan living area, workshop, open porch, private garden and backyard.
Open plan bedroom, separate bathroom and roofed porch.
The utilised part of the property is fully walled, enjoys an electric fence with two entrance gates and appreciates currently an annual income of ± R 240K. The remainder of the land allows for the development of either a rental pool or selling off plan development. The location is ideal due to the proximity to Waterfall Industrial and the new Watercrest Mall. The vacant land has a low gradient and is almost fully walled which is ideal for further development. All units are on prepaid electricity meters.