An exciting investment opportunity awaits! Situated on an expansive combined land area of 1,980m², this established property comprises four separate buildings.
Offering an existing rental operation, this property presents an attractive proposition for investors seeking an income-generating asset with scope to further enhance its potential. Conveniently located close to public transport routes and shopping amenities, the property benefits from an established accommodation setup in a well-connected area.
The property's layout and multiple buildings offer versatility for a range of potential uses, including rental accommodation, student housing, staff accommodation or future redevelopment, subject to the necessary municipal approvals and zoning requirements.
Whether you are looking to expand your existing property portfolio or secure an investment with opportunities for future growth, this property offers an excellent foundation from which to explore its full potential.
Financial Overview:
Established Rental Operation with Existing Income.
Municipal Rates: Approximately R4,000 per month (excluding water and electricity).
Electricity: Individual prepaid meters installed in the accommodation units.
Municipal Accounts: Reported to be paid up to date.
Key Features:
Expansive Combined Land Area of 1,980m².
Four Separate Buildings on the Property.
Existing Rental Accommodation Setup.
Individual Prepaid Electricity Meters.
Municipal Rates of Approximately R4,000 per Month (excluding water and electricity).
Convenient Access to Public Transport and Shopping Amenities.
Fully Walled Perimeter with Gated Entrance.
Concrete-Paved Courtyards and Walkways Connecting the Buildings.
Multiple Possibilities for Investment and Future Enhancement.
Versatile Investment Potential:
Rental Accommodation | Student Housing | Staff Accommodation | Property Portfolio Expansion | Potential Redevelopment (Subject to Approvals)