Kumalo, Bulawayo East, Bulawayo
4,000 m²
Presenting a unique investment opportunity: a well-maintained townhouse complex located in the desirable Khumalo area. This secure, walled, and gated property offers a blend of comfort, security, and potential returns, making it the ideal choice for investors seeking a steady income stream or those looking to acquire a functional, multi-unit property.
Property Overview:
The complex consists of 10 units, including a mix of 1, 2, 3, and 4-bedroom townhouses:
- 1-Bedroom Unit: 1 (No guest house)
- 2-Bedroom Units: 4 (Units 6 and 9 have no guest house)
- 3-Bedroom Units: 3 (Unit 3 has 2 toilets and 2 bathrooms, no guest house)
- 4-Bedroom Units: 2
Six of the units feature guest rooms with en-suite facilities, offering added flexibility for tenants or guests. Each unit comes with its own lock-up garage, providing convenient and secure parking.
The property also boasts a functional borehole, ensuring a reliable water source, and caretaker's quarters for efficient on-site management.
Each unit is held under sectional title deeds, providing clear ownership. The entire complex is offered for sale as a lot under a company name, making it an appealing option for investors looking for a turnkey property with high occupancy potential.
Investment Potential:
With a current Return on Investment (ROI) of 5% based on the asking price, this complex represents a solid investment opportunity. The owner is not in a hurry to sell but is open to reasonable offers.
This well-priced complex is an excellent opportunity for both seasoned investors and those entering the property market. Contact us today for more details or to arrange a viewing.
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