R 8 500 000 | 11.0 bed property for sale in glenwood

Dormehl Phalane Glenwood offers this INVESTOR’S DREAM: Semi-Developed, High-Yield 11-Unit Block with Approved Plans The Blueprint is Ready. The Structure is Built. The Yield is Yours. THE OPPORTUNITY: Skip the two-year municipal approval delays and the headaches of building from scratch. This prime, semi-developed property is standing, structurally complete, and waiting for an astute investor to add the finishing touches and unlock a massive, recurring revenue stream. Fully council-approved building plans are included in the sale, offering a frictionless, rapid-turnaround project designed for maximum capital velocity. DYNAMIC INVESTMENT FLEXIBILITY: This 11-room asset is perfectly configured to pivot into the two highest-demanding rental sectors in the market: Working-Class Residential Apartments: Complete the units as modern, high-density apartments for young professionals, targeting a premium rental of R6,500 to R7,000 per month, per unit. High-Density Student Accommodation: Tap into the student market at an estimated R3,500 per student/bed with excellent dual-occupancy potential. ?? THE NUMBERS & ROI POTENTIAL Purchase Price: R8,500,000 Total Units/Rooms: 11 Spacious units Working-Class Rental Target: R6,500 – R7,000 per unit / month Residential Gross Income: R71,500 – R77,000 per month Projected Annual Revenue: Up to R924,000 Gross Annual Income Projected Gross ROI: Up to 10.8% High-Yield Return