Web Ref RL2703
R2,149,000
111 Lark Street, Meredale, Johannesburg
Monthly Bond Repayment R21,455.18
Calculated over 20 years at 10.5% with no deposit.
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Monthly Rates
R2,200
R2,200
Corner Property with 3 Income-Generating Homes – Ideal Investment Opportunity
This perfectly positioned corner property , presents an exceptional investment opportunity with three separate houses, each occupied by reliable tenants. Situated in a sought-after area, the property provides immediate rental income and long-term capital growth potential.
Perfect for investors seeking immediate rental returns this property is strategically positioned for maximum visibility and offers both residential and commercial prospects.
Key Features:
· Prominent corner stand offering dual street frontage
· Three separate dwellings – each with private entrances and secure parking
· Spacious layout ideal for redevelopment or multi-tenant use
· Secure boundary walls and gated access
· Ample Parking space or room for expansion
Investment Highlights:
· Strong rental income with established tenants
· Ideal for multi-family living or continued rental investment
· Potential for future development or sectional title conversion
· Suitable for offices, retail conversion as B&B or residential units
· Low maintenance and high tenant demand
House 1:
A neat and compact bedroom and bathroom cottage ideal for a young couple or a single tenant.
A separate lounge area
Open plan neat kitchen and dining area
House 2:
Comprises of two bedrooms and two bathrooms, perfect for a small family
Open plan kitchen and living area
House 3:
A comfortable 2 bedroom, 1 bathroom unit
Open plan kitchen, diming and living area
All three houses are conveniently separated from each other to allow for privacy and have immediate access to the extremely generous garden area.
Don’t miss this immediate income and long-term value growth opportunity.
Perfect for investors seeking immediate rental returns this property is strategically positioned for maximum visibility and offers both residential and commercial prospects.
Key Features:
· Prominent corner stand offering dual street frontage
· Three separate dwellings – each with private entrances and secure parking
· Spacious layout ideal for redevelopment or multi-tenant use
· Secure boundary walls and gated access
· Ample Parking space or room for expansion
Investment Highlights:
· Strong rental income with established tenants
· Ideal for multi-family living or continued rental investment
· Potential for future development or sectional title conversion
· Suitable for offices, retail conversion as B&B or residential units
· Low maintenance and high tenant demand
House 1:
A neat and compact bedroom and bathroom cottage ideal for a young couple or a single tenant.
A separate lounge area
Open plan neat kitchen and dining area
House 2:
Comprises of two bedrooms and two bathrooms, perfect for a small family
Open plan kitchen and living area
House 3:
A comfortable 2 bedroom, 1 bathroom unit
Open plan kitchen, diming and living area
All three houses are conveniently separated from each other to allow for privacy and have immediate access to the extremely generous garden area.
Don’t miss this immediate income and long-term value growth opportunity.
Features
Pets Allowed
No
Interior
Bedrooms
5
Bathrooms
4
Kitchen
3
Reception Rooms
4
Furnished
No
Exterior
Security
No
Parkings
10
Pool
No
Sizes
Floor Size
276m²
Land Size
1,467m²
