R1 750 000 | 10 Bedroom House For Sale in Monument, Krugersdorp

A Prime Investment with Excellent Income Potential, Convenient Location and Endless Possibilities!

Are you looking for an income-generating property in a prime location? This is an opportunity you don't want to miss!

Situated in the sought-after area of Krugersdorp North, this versatile property boasts an impressive 1,885m² stand, excellent accessibility and proximity to major amenities, making it an attractive investment for property investors, accommodation providers and buyers looking for a spacious residential property.

Currently converted into 10 bachelor rooms, the property caters to the demand for affordable accommodation among people working at the nearby hospital, shopping centres and surrounding businesses.

With a reported rental income of R20,000 per month, this property offers an opportunity for investors looking to expand their rental portfolio while exploring its future potential.

Property Features:

* 10-Bachelor Rooms – Income-Generating Potential

The property has been converted into 10-bachelor rooms, offering accommodation for tenants seeking convenient access to employment opportunities and essential amenities.

The existing setup includes:

10-Bachelor rooms.

3-Shared bathrooms.

2-Communal kitchens.

1-Outside storeroom.

Drive-through access for added convenience.

A spacious 1,885 SQM stand.

Rental Income: R20,000 per month

The current accommodation setup offers an opportunity to generate rental income from multiple rooms within one property. Prospective investors should verify the existing leases, occupancy levels, operating expenses and rental records.

* Expansive 1,885 SQM Stand

One of the property's greatest advantages is its generous land size. The spacious stand provides room to explore future renovations, improvements or alternative uses, subject to the applicable municipal zoning, building regulations and approvals.

Whether you wish to continue operating the accommodation business, improve the existing facilities or explore a return to residential use, this property offers flexibility for the right buyer.

* Swimming Pool and relaxation area

Enjoy the benefit of a huge swimming pool complemented by a dedicated relaxation area. With the right vision, this space could be enhanced to create an inviting outdoor environment for residents or a future family home.

* Beautiful Garden and Established Trees

The property is well maintained, featuring a neat garden, established trees and paved areas that enhance its appearance and create a welcoming atmosphere.

* Drive-Through Access

The drive-through layout offers convenient access and additional functionality, adding to the property's versatility.

* Outside Storeroom

An additional storeroom provides practical space for storing maintenance equipment, gardening tools and other items.

The property's location is one of its strongest selling points, particularly for investors targeting tenants who value proximity to employment centres, healthcare facilities and shopping destinations.

Nearby Amenities and Travel Times:

Yusuf Dadoo Hospital: Approximately a 1-minute walk — ideal for people working at or visiting the hospital.

President Hyper Square: Approximately a 5-minute walk — convenient access to shopping and everyday essentials.

Key West Shopping Centre: Approximately a 10-minute drive — offering retail outlets, restaurants and other shopping facilities.

Silverstar Casino: Approximately a 15-minute drive — providing entertainment, restaurants and leisure facilities.

Cradlestone Mall: Approximately a 15-minute drive — a major shopping destination with a variety of retail and dining options.

The surrounding Krugersdorp area also offers access to schools, pharmacies, medical facilities, public transport routes, restaurants and other essential services.

Travel times are approximate and may vary depending on traffic and the exact route.

WHY SHOULD INVESTORS CONSIDER THIS PROPERTY?

- R20,000 Reported monthly rental income.

- 10 Existing bachelor rooms, offering multiple rental opportunities.

- Prime location near Yusuf Dadoo Hospital, shopping centres and employment opportunities.

- Large 1,885 SQM stand with potential for future improvements.

- Three shared bathrooms and two communal kitchens serving the existing accommodation setup.

- Swimming pool and relaxation area adding to the property's appeal.

- Drive-through access, paving and a well-maintained garden.

- Versatile property with potential for continued accommodation use or conversion back into a residential home, subject to the necessary approvals.

AN OPPORTUNITY FOR INVESTORS AND HOMEOWNERS ALIKE!

For investors, this property presents an opportunity to acquire an established multi-room accommodation setup in a convenient location with reported rental income.

For homeowners, the expansive stand and existing improvements provide an opportunity to explore the possibility of transforming the property back into a spacious family residence, creating a home tailored to your lifestyle, subject to the necessary alterations and approvals.

With its generous land size, convenient location and multiple possibilities, this is a property worth viewing.

ASKING PRICE: R1,750,000

Invest in location. Invest in potential. Invest in Krugersdorp North!

Contact us today to arrange a viewing and explore the possibilities this unique property has to offer.

Investment note: Buyers are encouraged to verify municipal zoning, approved building plans, permitted accommodation use, rental income and all applicable compliance requirements before purchasing.