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Wartburg, Greytown, KwaZulu-Natal
ID 1795321

17 Bedroom Property for Sale in Wartburg KwaZulu-Natal
17 Bedroom Property for Sale in Wartburg KwaZulu-Natal
17 Bedroom Property for Sale in Wartburg KwaZulu-Natal
17 Bedroom Property for Sale in Wartburg KwaZulu-Natal
17 Bedroom Property for Sale in Wartburg KwaZulu-Natal
17 Bedroom Property for Sale in Wartburg KwaZulu-Natal
17 Bedroom Property for Sale in Wartburg KwaZulu-Natal
R 6 000 000

Townhouse/Cluster

11.0

17

845m2

2825m2

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Townhouse/Cluster

11.0

17

845m2

2825m2

Property features

  • R 6 000 000
  • 17 Bedrooms
  • 11.0 Bathrooms
  • 8 Living Room/s
  • Garage for 8  car/s
  • Outside Parking for 16 car/s
  • No Pets
  • Garden
  • Security Estate

Property Details

Exceptional investment opportunity in the growing rental market of Wartburg.

This fully tenanted residential complex comprises 8 rental units and 9 garages, offering investors an immediate and reliable income stream in an area where rental accommodation remains in high demand.

The development offers approximately 844.7 m² of improvements and currently generates a net rental income of R41,971 per month, with leases structured to provide an annual rental escalation of 5%, ensuring consistent growth in returns year after year.
Key Investment Features:
• 8 fully occupied residential units
• 9 garages providing additional rental income potential
• Approximate building area of 844.7 m²
• Net monthly income: R41,971
• Annual rental escalation of 5%
• Fully tenanted with established tenants in place
• Strong demand for rental accommodation in Wartburg
• Excellent income-producing asset with future growth potential

Whether you are expanding your property portfolio or seeking a stable, income-generating asset, this well-maintained investment property presents a rare opportunity to secure a fully occupied residential complex in a market with limited rental stock and strong tenant demand.

Accommodation Breakdown
Flats 1 & 2 (Single Storey)
• 1 Bedroom
• 1 Bathroom
• Open garage
• Laundry
• 66.8 m² each
Flats 3 & 4 (Double Storey)
• 2 Bedrooms
• 1 Bathroom
• 2 Toilets
• Open garage
• Laundry
• 94.4 m² each
Flat 5 (Double Storey)
• 3 Bedrooms
• 2 Bathrooms
• Enclosed garage
• Laundry
• 114.4 m²
Flats 6 & 8 (Double Storey)
• 3 Bedrooms
• 2 Bathrooms
• Enclosed garage
• Laundry
• 156 m² each
Flat 7 (Single Storey)
• 2 Bedrooms
• 1 Bathroom
• Enclosed garage
• Outside laundry
• 95.9 m²
Additional Improvements
• 9 Lock-up garages measuring approximately 19.5 m² each

Highway Properties

0825744222
[email protected]
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