An outstanding opportunity to acquire a well-maintained, income-generating residential investment property situated in the established suburb of Dunnottar, Gauteng. Comprising 18 residential apartments across four double-storey buildings, this property presents an attractive investment with excellent long-term rental income potential.
Set on a generous 2,141 m² erf, the development offers a Gross Building Area (GBA) of 1,140 m² and a Gross Lettable Area (GLA) of 936 m². Each apartment has been designed to provide comfortable and practical living, featuring two bedrooms, one bathroom, a lounge, and a kitchen, catering to the growing demand for affordable residential accommodation.
The complex offers functional external improvements, including ample uncovered parking bays, a dedicated refuse area, and secure perimeter boundary walls constructed of brick and concrete, complete with electric fencing to enhance resident security.
Strategically positioned within easy reach of the major residential and commercial hubs of Springs, Nigel, and Dalpark, the property enjoys convenient access to shopping centres, schools, healthcare facilities, public transport, and various recreational amenities, making it highly desirable to tenants.
Property Highlights
Asking Price: R6 820 000
18 residential apartment units
Four double-storey apartment buildings
Each unit comprises:
2 Bedrooms
1 Bathroom
Lounge
Kitchen
Erf Size: 2,141 m²
Gross Building Area (GBA): 1,140 m²
Gross Lettable Area (GLA): 936 m²
Uncovered parking bays
Dedicated refuse area
Secure perimeter walls with electric fencing
Well-established residential location with excellent access to Springs, Nigel, and Dalpark
Investment Opportunity
This property presents an excellent opportunity for investors seeking a secure, multi-unit residential asset in a well-established rental market. With 18 income-producing units, strong tenant appeal, and a strategic location close to key amenities and employment nodes, this asset offers significant potential for consistent rental returns and long-term capital appreciation.