Exceptional income-producing property now available in a well-positioned country village setting. Perfectly located with high visibility along the N1, this versatile property offers strong current rental income and outstanding future potential for:
Guesthouse
B&B
Airbnb
Long-term rentals
Sectional title sell-off strategy
All units are currently tenanted, generating a combined rental income of R46 000 per month.
INVESTMENT HIGHLIGHTS
Monthly rental income: R46 000
5 separate residential units
Each unit individually metered
Excellent N1 exposure
Flexible exit strategies
Strong rental demand area
PROPERTY OVERVIEW
Extent: 17 120 m²
Municipality: Mangaung
Province: Free State
Rates & Taxes: R2 120.40 per month
Current Income: R46 000 per month
DEVELOPMENT FLEXIBILITY
This property offers two powerful strategies:
OPTION 1: Keep as single income property
Strong existing tenant base
Immediate cash flow
Ideal for long-term investor
OPTION 2: Sectional title potential
Units can potentially be sold separately
Unlock additional value
Ideal for developer or investor
UTILITIES (MAJOR INVESTOR PLUS)
Each unit has its own prepaid electricity meter
Each unit has its own municipal water meter
On-site sewerage system
Borehole installed (currently not operational)
Massive advantage for cost control and tenant management.
UNIT BREAKDOWN
Unit 1
Double undercover parking
Lounge
Kitchen
3 bedrooms
2 Bathrooms:
En-suite with walk-in closet Indoor patio
Shared with bath and toilet
Swimming pool (not in working order)
Back yard
Unit 2
Kitchen
Lounge
Indoor patio
3 bedrooms
2 Bathrooms
En-suite with walk-in closet
Parking garage
Double undercover parking
Garden
Back yard
Unit 3
Kitchen
Living room
2 bedrooms
2 Bathrooms
En-suite
Bathroom with bath
Garden
Back yard
Double garage
Staff quarters with toilet and shower
Unit 4
Double garage
Kitchen
Living room with fireplace
3 bedrooms
2 Bathrooms
Bathroom with bath and toilet
En-suite with bath and shower
Garden
Back yard
Unit 5
Kitchen
Living room
3 bedrooms
2 Bathrooms
Bathroom with bath and toilet
En-suite
Staff quarters with toilet and shower
Garden
Back yard
ADDITIONAL FEATURES
Several carports across the property
Fully secured with Electric fencing
Borehole with reliable water om complex
Large open gardens
Fully secured environment
Excellent access routes
Prime N1 visibility