Uncover a Prime Investment Opportunity in Elandsvlei, Randfontein
Step into a world of exceptional potential with this expansive 3.2-hectare smallholding, perfectly positioned in Elandsvlei, Randfontein.
Featuring a spacious main house with three bedrooms and 11 well-maintained flats, this property is not only zoned for guesthouse and self-catering use but is also currently generating an impressive rental income of approximately R60,000 per month (excluding the main house). Offering an outstanding opportunity for high returns, this versatile property caters to both residential and commercial prospects.
Main House Features
The main house boasts three generously sized bedrooms, each with built-in cupboards, tiled floors and on-suite bathrooms. An inviting open-plan living and dining room creates a perfect space for family gatherings or entertaining guests. The spacious kitchen is ideal for culinary enthusiasts, while above it, an expansive open-plan area with built-in cupboards awaits completion - a perfect spot for visitor accommodation or extended family living.
Flat/Unit details
~ 8 two-bedroom
~ 1 one-bedroom
~ 2 three-bedroom
All units are open plan, equipped with modern conveniences such as gas geysers, gas stoves, ensuring efficiency and ease for tenants. Each unit has a carport and the entrance to the units is separate from the main dwelling.
Security and Amenities
For peace of mind, the property is secured with an electric fence around the perimeter and outdoor beams around the main dwelling. An alarm system linked to a security company and a comprehensive camera system further enhance security measures. Additional amenities include a swimming pool, a lapa currently converted into a living unit, a double garage, a double carport, and an external storeroom.
Financial Overview
~ Asking Price: R6,400,000-00
~ Current Rental Income: R60,000 per month (from 11 units)
~ Potential for main house use as a guesthouse
~ Significant opportunities for further development or repurposing
~ Prepaid electricity and borehole
Investment Potential
Start earning from day one with fully tenanted units and an established infrastructure ready to support immediate operation or future expansion. Consider converting the property into a guesthouse or using it for employee accommodation, long-term tenants, or group stays. This property offers a unique blend of scale and strategic opportunity, making it ideal for those envisioning a thriving guesthouse or a hybrid hospitality model with reliable monthly income.
Located conveniently with easy access to nearby towns and amenities, this property ensures consistent demand from both residential and commercial tenants.
Don’t miss out on an investment of a lifetime! Contact Ronell today for an exclusive viewing!