Property Details
**Investor's Paradise! Don't let this exceptional opportunity slip away! Acquire a remarkable 8-unit income-producing property in the highly desirable Joostenbergvlakte.**
**Current Monthly Income: R75,000+ (confirmed by the seller)**
**Current Annual Income: R900,000+**
**Projected Annual Income (Year 5): R1,190,000**
**Projected Annual Income (Year 10): R1,525,600**
**Asking Price: R10,000,000**
Imagine owning a property that not only provides a solid income from the outset but also holds the promise of substantial growth in the years ahead. This outstanding 8-unit complex, nestled in the serene Joostenbergvlakte, offers a perfect combination of immediate returns and long-term appreciation potential.
Envision a tranquil environment within a well-established equestrian community, where life moves at a relaxed pace while still being conveniently close to essential amenities. This isn’t just a property; it’s a lifestyle investment that attracts and retains high-quality tenants—a significant advantage in today’s market.
Currently generating over R75,000 per month, this income is projected to grow significantly, potentially surpassing R1.5 million annually within the next decade. Savvy investors recognize the power of compounding returns, and this property is well-positioned to deliver impressive results.
In addition to its financial appeal, this property enjoys a prime location. Just a short drive from the N1, it offers easy access to the vibrant city of Cape Town, the renowned wine regions of Stellenbosch and Paarl, and the bustling area of Bellville. Experience the ideal balance of peaceful countryside living with the convenience of urban amenities.
The future looks even more promising with the upcoming Cape Winelands Airport, set to be a major driver of growth in the region. Experts anticipate that this development will not only enhance economic activity but also significantly increase the demand for rental properties, leading to considerable appreciation in property values. This is not just a wise investment; it’s a strategic entry into a rapidly developing area.
**Location & Distances:**
- N1 Highway: Minutes away
- Cape Town: 33.6 km
- Stellenbosch: 20 km
- Paarl: 30 km
- Bellville: 12.7 km
- Cape Gate Mediclinic: 6.4 km
**Schools:**
- Monument Park High School: 3.9 km
- Fanie Theron Primary School: 4.3 km
- Curro Primary School: 9 km
- Curro Durbanville High School: 9.3 km
- Stellenberg High School: 9.6 km
**Main House Features:**
- 3 spacious bedrooms
- 1 full bathroom with a separate toilet and gas geyser
- 2 ensuite bathrooms with gas geysers
- 3 air conditioning units
- 5-burner induction stovetop and electric oven
- 2 generous living areas
- Expansive open-plan kitchen
- 25 sqm enclosed stoep with frameless glass
- Swimming pool
- Large garden
- Double garage with ensuite bathroom
**Flatlets:**
- 4 open-plan flatlets featuring gas stoves and gas geysers (2 with large enclosed gardens, 1 with air conditioning)
- 1 workers' cottage with its own garden area
- 3 open-plan, two-bedroom units with gas stoves and gas geysers (all have enclosed gardens, with 1 featuring 2 air conditioning units)
- 4 nutec Wendy houses
- 4 chicken coops
- 2 pig enclosures
- Undercover parking for 6 vehicles
- 10 open-air parking spaces
- 3 operational septic tanks
- 2 property entrances on tar roads with electric gates
- 80% of the property is secured with electric fencing
- 100% of the property is vibracrete fenced
- Spacious open grass area between flatlets
This is a unique opportunity to invest in a property that promises not just returns, but a lifestyle. Don’t miss out!