Investment Opportunity: High-Yield Multi-Unit Property in Lenasia
This versatile multi-residential and commercial property, situated in a high-visibility pocket of Lenasia, Johannesburg, offers an exceptional opportunity for savvy investors seeking immediate cash flow and long-term capital growth.
Benefiting from significant foot traffic, the property is perfectly positioned for both stable residential tenancies and thriving commercial enterprise.
Financials and Features:
Gross Monthly Rental: R35,000.00
Average Utility Costs: R5,000.00
Location: Prime high-traffic area in Lenasia
Diverse Income Streams: 6 distinct rental elements
Property Breakdown:
Spacious Apartments (3): 3 Bedrooms, 1 Bathroom (Ideal for families)
Standard Units (2): 2 Bedrooms (Perfect for couples or small families)
Commercial Shop (1): Prominent street frontage with high visibility
Value-Add Potential:
The commercial component includes additional storage at the rear, which also offers the potential for on-site living quarters, making it highly attractive for owner-operators or as a premium rental for business owners.
By modernizing the older units, there is clear potential to significantly increase the current rental yield.
Investment Summary:
With a strong existing rental income and a strategic location that ensures low vacancy rates, this property is a "workhorse" for any portfolio. Whether you are looking to hold and collect or renovate and maximize, the bones of this investment are rock solid.