This property offers an exceptional opportunity for investors and developers seeking strong returns and long-term growth.
Situated on 6,800m² of land, the property features multiple income-generating units and plenty of room for expansion.
Property Breakdown:
• Main House: 6 x 1-bedroom units (currently unoccupied; requires structural repairs – full roof replacement and wall restoration).
• Attached Flats: 2 units.
• Wendy House: 1 unit.
• Garden Chalets:
o 2 x 1-bedroom chalets
o 2 x 2-bedroom chalets
The chalets are already producing an income of approximately R24,000 per month. Each chalet is equipped with prepaid electricity, gas geysers, and water included – making them highly attractive for tenants.
Development Potential:
• Plans have been drawn for an additional 10 chalets, allowing for a significant increase in monthly returns.
• An engineer’s report is available for the main house, providing full insight into the required structural repairs. Once restored, the main house alone could double the property’s income potential.
Why This Property?
• Large 6,800m² erf with ample space for development
• Strong existing rental income stream
• Expansion potential with drafted plans
• Ideal setup for a guesthouse, rental lodge, or multi-unit investment property
This property is a rare find for visionary buyers looking to turn potential into profit.
Contact us today for a viewing!