R2,995,000 | 5 Occupied Rental Units | ±R30,000 Gross Rental p/m | 2,066m² Stand
Looking for an investment property for sale in Nelspruit with existing rental income?
18 Joubert Street offers five occupied, income-generating units on a substantial 2,066m² stand, with approximately 477m² under roof.
All units are currently under fixed-term rental agreements, generating approximately R30,000 gross rental income per month before expenses, with potential for future rental growth.
Investment Highlights
• 5 occupied rental units
• ±R30,000 gross rental income per month
• 2,066m² stand
• ±477m² under roof
• 7 bedrooms and 6 bathrooms in total
• Communal swimming pool
• Covered and open parking
• Fibre available
• Municipal water and conventional electricity
• Double gated access
• Rates & Taxes: ±R2,460 per month
Location
Situated in established Nelspruit Ext 2, Mbombela, conveniently positioned near Matumi Valley, Matumi Retail Centre, Mbombela Golf Club, Citrus Research International, Nelspruit Industrial Area, TUT Mbombela Campus, Ehlanzeni TVET College and the University of Mpumalanga.
The substantial stand also offers future residential development potential, subject to applicable municipal zoning, planning, building-plan and development approvals.
Suitable for investors considering long-term rental accommodation, student accommodation, contractor accommodation, shared living or future residential development, subject to applicable approvals and service fees.
Existing tenants. Existing income. Substantial land. New asking price: R2,995,000.
Contact Basie Botha Properties to arrange a private viewing.