R 1 850 000 | 8 Bedroom House for Sale in Richmond Hill

DUAL MANDATE
This home has been configured for long-term rental accommodation, comprising of the main house, and separate flats outside with their own private entrances.
A front wooden deck, a 2nd wooden deck in the back garden with swimming pool and 2nd shared kitchen and open plan lounge/dining room that extends to the under cover braai area.
Comfortable secure parking for up to 4 vehicles behind an automated gate.
MAIN HOUSE -
The large dining/lounge area has beautiful Meranti floors open plan to a modern kitchen with gas hob, breakfast bar for informal dining and a scullery in the back. Two doors lead to the outside where you can soak up the sun on the front wooden deck.
The large entrance used to be utilised as office space. Large main bedroom with full en-suite bathroom. The 2nd and 3rd bedroom share the other guest bathroom with shower.
FLATS -
The original garage was extended, now offering 2 bedrooms, 1 single and 1 double with a shared bathroom. Next door is an open plan kitchen and lounge/dining room. Sliding doors opens to the covered braai area.
The latest extension comprises the double storey building with 2 more rooms and 2 bathrooms with shower.
Situated next to the storeroom is another very large room, can accommodate 3 double bunks with a shared bathroom.
Located in proper Richmond Hill in the sought after Glen street and is conveniently located near the well-maintained park, thanks to the efforts of the SRA (Special Rates Association), which ensures the park is kept neat, tidy, and safe for residents to enjoy.
ZONING - RES3C
As per NMBMM LUS now General Residential Zone 3 which allows flats
INCOME - R 18 390 PLUS tenants pay all services
EXPENSES FOR OWNER'S ACCOUNT - R 5 434
NETT MONTHLY PROFIT - R 12 956
Pre Paid Water and Pre paid Power
Electric fence
SRA LEVY includes HRG SECURITY PATROLS, Dedicated Vehicle and team to "monitor the suburb", and identify where issues need to be addressed such as Litter and Dumping, weekly cleaning up specific streets and looking out for fellow Hillers.
This is a warm and helping neighbourhood and our Ward Councilor does everything in their power in collaboration with Security companies, Metro Police etc to keep us safe.
Richmond Hill is known as The Heart and Soul of the Bay.

LOWER ALBANY BEACHFRONT (PTY) LTD trading as RE/MAX Bay (Humewood) operates in terms of a franchise agreement with RE/MAX of Southern Africa.