This outstanding income-generating property offers 8 fully built 2-bedroom flats, each designed for comfortable living and strong rental appeal. In addition, approved municipal building plans are already in place for 4 additional townhouse units, making this a rare development-ready investment opportunity. Ideal for investors looking to expand their portfolio with immediate income and future growth potential. ?? Existing Development – 8 x Two-Bedroom Flats Each flat offers: 2 Bedrooms Separate Bathroom Separate Shower Separate Toilet Functional kitchen and living space 1 Garage 1 Carport parking The layout ensures privacy and practicality, making the units highly attractive to long-term tenants. All bathrooms are fitted with standard, functional finishes, ensuring easy maintenance and durability. Approved Expansion – 4 Additional Units Municipal building plans have already been approved for: • 2 x Two-Bedroom Units 2 Bedrooms 1 Bathroom 1 Separate Toilet 1 Separate Shower • 2 x Three-Bedroom Units 3 Bedrooms 1 Bathroom 1 Separate Shower 1 Garage each 1 Carport each This provides immediate development potential without the delays of rezoning or plan approvals. Investment Highlights 8 Income-generating flats Each unit with garage and carport Practical tenant-friendly layouts Approved municipal plans for 4 additional units Expansion-ready development Strong long-term rental potential This property presents a turnkey investment with built-in expansion opportunity, allowing you to increase rental income and overall property value with minimal red tape. A rare opportunity for serious investors seeking scalability and strong returns. Contact me today for financial details or to arrange a private viewing.
Purchase Price R 12 600 000
Building Size113.00 m2
Type of PropertyApartment
Land Size2864.00 m2
Last Updated14 Mar 2026
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