Property features

R 3 700 000
Bedrooms
0.0 Bathrooms
0 Living Room/s
Garage for car/s
Rates R8000 pm

Property Details

An excellent investment opportunity awaits with this versatile property offering a combination of existing residential accommodation and significant development potential. The property currently consists of six apartments within the main building and a further five apartments situated outside, providing a total of eleven apartments with the potential to generate multiple rental income streams.
The property is further complemented by a guard house, providing an added layer of security, as well as separate male and female public toilet facilities. These existing facilities make the property particularly attractive for investors looking for an established site that can be adapted to meet a variety of residential, commercial, or institutional requirements.
Beyond its existing residential use, the property presents an exciting opportunity for further development. With the right vision and the necessary municipal and regulatory approvals, the site has the potential to be transformed into a school or educational centre, medical centre, professional office space, or a larger commercial complex. This flexibility gives prospective investors the opportunity to develop the property according to market demand and their individual investment strategy.
The existing apartments can provide an immediate source of rental income, while additional improvements or redevelopment could significantly enhance the property's overall value and income-generating potential. The combination of residential units, security infrastructure, ablution facilities, and development possibilities makes this an attractive proposition for both established investors and developers seeking a property with room for growth.
This is more than simply a property purchase; it is an opportunity to acquire an asset with multiple possible uses and long-term development potential. Whether the vision is to retain the existing apartments as rental accommodation, establish a school or medical facility, create professional offices, or develop a mixed-use commercial complex, this property provides a strong foundation from which to build.
Investors and developers are encouraged to take advantage of this opportunity and explore the full potential of the property. Viewings are available by appointment, and serious enquiries are welcome.

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Allan Bermel

Allegiance Properties

0833272425

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Mikhail Arujun

Allegiance Properties

0626107829

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Ruan Van Onselen

Allegiance Properties

0725593000

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[email protected]

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Julian Cornofsky

Allegiance Properties

0834445141

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[email protected]

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Allegiance Properties

011 432 3390

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Bed for Sale Rosettenville JHB South

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Allan Bermel

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Julian Cornofsky

Allegiance Properties

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Bed for Sale Rosettenville JHB South

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Allan Bermel

Mikhail Arujun

Ruan Van Onselen

Julian Cornofsky

Allegiance Properties

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