I'm excited to present to you an exceptional development opportunity that's perfect for investors and developers alike. This property offers a unique combination of existing rental income and the potential for expansion.
The property comes with approved plans for rezoning to build an additional four units. This means you can significantly increase your rental income potential and maximize the use of this development opportunity.
The property currently houses two existing 2-bedroom units, each featuring modern finishes. Both units are fully tenanted, providing a current combined rental income of R14,000 per month. These 2 houses are located on a 1364 square meter erf. Each of these units has been thoughtfully designed with contemporary touches that appeal to today's renters, ensuring steady demand and satisfied tenants.
One of the highlights of this property is the communal pool, a great amenity that enhances the living experience for tenants. It’s perfect for relaxation and adds significant value to the rental proposition.
It's situated in a highly sought-after area, close to both government and private hospitals, a shopping centre, and a school. This prime location ensures high demand for rentals, making it a great rental income opportunity.
To recap, this property offers existing rental income with two fully tenanted units, a communal pool, and approved plans for expansion. All of this is set on a generous 1364 square meter erf in a prime location. If you’re looking for a solid investment with significant growth potential, this is the perfect opportunity.
