Boardering Baillie Park, this 10-hectare property offers a unique combination of strong rental income and approved future development opportunities.
The property has been fully rezoned and approved for the development of approximately 46 residential homes, together with a business stand and a stand earmarked for an educational area. This makes it an excellent option for developers and investors seeking a well-positioned project with significant growth potential.
The existing buildings generate approximately R52,000 per month in rental income. These include a spacious three-bedroom main house with a separate flatlet, a modern two-bedroom townhouse with en-suite bathrooms and solar power, as well as eight fully occupied student flats.
The student accommodation includes a swimming pool, laundry facilities and shaded parking.
Additional features include full perimeter fencing, automated entrance gates and two fully equipped boreholes, providing a reliable water supply. The established infrastructure adds further value and may assist in lowering future development costs.
This property is ideal for expanding the current rental portfolio, creating a residential development or taking advantage of the approved business opportunities.
Contact us today to arrange a private viewing.