Property Details
An exceptional investor opportunity in sought-after Glen Austin, Midrand. This income-producing property offers multiple tenanted cottages on a generous 8566 m² stand, with excellent existing cashflow and substantial space for further development.
Income Overview:
±R60,000/month rental income from cottages
±R30,000/month other income (kennels, services)
Total gross monthly income: ±R90,000
Annual gross income: Over R1,000,000
Approx. 27% gross yield at R5,1 million asking price
Property Features:
10 existing cottages fully tenanted
5 x 2-bedroom units
3 x 1-bedroom units
2 bachelor units
Cottages feature tiled floors, modern finishes, full bathrooms (one with shower only), laminated flooring in double-storey units, and some with fireplaces
Each unit has pre-paid electricity
Two additional incomplete cottages built to roof height, ready for finishing to increase income
Other Amenities:
Spring water borehole with solar-powered pump supplying water to all units
Kennels rented to a security company with 24/7 caretakers, ensuring active site maintenance
Dog grooming parlour business potential
Staff quarters and store rooms
Secure panhandle position away from main road
Fully walled property with two entrance gates
Development Potential:
This stand is large, flat, and tree-rich, withample unused spacefor further cottages, additional rental units, workshops, or business facilities. Investors can expand and customize the site to grow income even further.
Location Benefits:
Glen Austin is a prime Midrand address with easy access to major transport routes, Gautrain station, shopping centres, and schools. The area is well-patrolled by local security companies, adding peace of mind for tenants and owners alike.
Investor Appeal:
Ideal for buy-to-let landlords, family trusts, developers, or entrepreneurs looking to maximize rental yields while benefiting from an appreciating land asset in one of Midrand’s most versatile agricultural holdings.
Don’t miss this rare, high-yield investment opportunity at an unbeatable price point.