Discover an exceptional investment opportunity in the sought-after suburb of Belgravia, Bellville. This SR1-zoned property, with the potential for rezoning to GR2, offers a lucrative prospect for the astute investor. Potentially, the property can generate a steady rental income of approximately R20,000 from the house and an additional R10,000 from two apartments, providing a solid return while you secure zoning approval and finalize development plans.
Envision the potential—this generous plot is ideal for constructing 20 or more apartments, perfectly suited for modern living. The proposed development could include two blocks, each featuring two levels (ground and first floor). Every level would house five well-designed 2-bedroom apartments, ranging from 50 to 59 square meters, catering to the growing demand for quality residential spaces.
Location is key, and this property doesn't disappoint. Situated close to Northlink College, Bellville High School, Boston Private School, and within easy reach of public transport and shopping centers, it offers convenience for future residents.
Don't miss out on this brilliant opportunity to build your own block of apartments in a prime location. This is your chance to capitalize on the growing demand for residential developments in Bellville. Contact me today for more information and to take the first step toward securing this promising investment.
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