Income-Generating Property with 8 Completed Units, 1 Approved Unit on Plan & Outstanding Guesthouse Potential
This exceptional investment opportunity in the sought-after suburb of Glen Austin offers a rare chance to own a well-positioned multi-unit property with excellent income potential. Ideally located near Accolades Wedding Venue and several other popular event destinations, this property is perfectly suited for investors looking to expand their rental portfolio or establish a boutique guesthouse.
The property currently features 8 fully completed units, with an additional approved unit already included on the building plans, providing excellent potential to increase future rental income.
Property Features
8 Completed Units + 1 Approved Unit on Plan
Unit 1: 2 Bedrooms | 1 Bathroom (Shower & Bath)
Unit 2: 2 Bedrooms | 1 Bathroom (Shower & Bath)
Unit 3: Approved unit on the building plans – ready for future development
Unit 4: 2 Bedrooms | 1 Bathroom (Shower)
Unit 5: 2 Bedrooms | 1 Bathroom (Shower & Bath)
Unit 6: 1 Bedroom | 1 Bathroom (Shower)
Unit 7: 2 Bedrooms | 1 Bathroom (Shower & Bath)
Unit 8: Bachelor Unit | Bathroom (Shower & Bath)
Unit 9: Bachelor Unit | Bathroom (Shower & Bath)
Outdoor Features
Each completed unit enjoys its own private garden, creating a peaceful and private living environment for tenants or guests. Spacious communal lawns and mature trees add to the property's tranquil atmosphere.
A swimming pool is already in place and offers fantastic potential to be renovated into a beautiful entertainment area, further enhancing the property's appeal.
Additional Features
Prepaid electricity installed in every completed unit
Reliable borehole supplying affordable water
Ample visitor and tenant parking
Generous storage space
Secure property with excellent access
Rates & Taxes
Approximately R2,300 per month.
Why You'll Love This Investment
8 established income-generating units
Additional approved unit offering future expansion potential
Excellent location close to popular wedding venues and event destinations
Ideal for long-term rentals, short-term accommodation or a boutique guesthouse
Multiple income streams from one property
Low running costs with prepaid electricity and borehole water
Strong potential to increase rental returns through upgrades and completing the additional unit
Whether you're an experienced investor or looking for your next high-yield property, this is a rare opportunity to secure a versatile, income-producing asset in one of Glen Austin's most desirable locations.
Don't miss out on this exceptional investment opportunity – contact Shani Loubser from Reliable Realty today to arrange your private viewing.