This 1700m² corner stand in Capricorn, Polokwane, is a rare find for savvy investors seeking a balance of immediate returns and long-term capital growth.
Currently configured as a multi-tenanted property, the main house has been converted into 11 rental rooms with shared facilities, generating a consistent R14,000 monthly income. This ensures an income while plans for future development are finalised.
The property is already zoned Residential 3, with approval granted for up to 9 new units. This reduces the usual delays and costs associated with rezoning and planning, giving investors a head start.
Features include:
• Square stand with two street access points – ideal for layout and subdivision.
• Main street location – ensuring high visibility and easy marketing of future units.
• Secure boundary walls, palisade fencing and gated access – protecting both current tenants and future residents.
• Residential 3 Zoning.
• 1700m² stand
• 1km away from the new Hospital Development
• 1km from the new Hilton Hotel Development
With a HUGE demand for rental accommodation and sectional title units in Polokwane, particularly in the Capricorn area this property is perfectly positioned. With the city’s growth and new hospital and Hlton Hotel nearby driving demand, this property offers excellent potential returns through either continued rental yields, development for resale, or buy-to-let opportunities.
This is a cash-flow positive development site with all the fundamentals for a profitable investment.
Call today and secure a viewing!