R 2 650 000 | house property for sale in primrose

Investment Property for Sale in Primrose 11 Units | R37,900 Monthly Rental Income | 991 m² Double Stand | Fully Tenanted Investors, this is an opportunity you don’t want to miss! Secure a high-demand, income-generating investment property in Primrose comprising 11 fully occupied rental units, offering an attractive combination of immediate cash flow, low running costs and strong rental demand. The property currently generates approximately R37,900 per month in rental income, with rentals expected to increase by 10% annually, providing investors with an opportunity for long-term income growth. Key Investment Features - 11 fully rented units - R37,900 current monthly rental income - 10% annual rental escalation - Immediate positive cash flow - All units fully occupied - Prepaid electricity and water meters - Tenants are responsible for their own prepaid utility consumption, helping to significantly reduce the landlord’s monthly utility exposure - On-site caretaker to assist with day-to-day maintenance and management - Low running costs - No major work required - Parking for approximately 11–13 vehicles - Situated on a 991 m² double stand - Established rental area with strong tenant demand - Conveniently located close to a variety of amenities Start Earning From Day One One of the major advantages of this property is that all 11 units are already occupied. An investor can therefore step into an established income-producing asset rather than spending months renovating, marketing vacant units and waiting for tenants. With prepaid water and electricity meters installed throughout the property, operating costs are kept under control while tenants manage their own utility consumption. The property also benefits from an on-site caretaker, providing additional convenience and helping ensure that everyday maintenance matters are attended to promptly. A Rare Investment Opportunity With interest-rate conditions potentially becoming more favourable, income-producing property can offer an attractive alternative for investors looking to build a portfolio of rental assets. The monthly rental income of R37,900 provides a substantial income stream that can be used toward the property's financing obligations, subject to the purchaser’s individual bond terms, interest rate and lending approval. No lengthy vacancy period. No major renovation project. No waiting for tenants. Just an established 11-unit rental property with income from the outset. Prime Investment Fundamentals This is more than just a property — it is an income-generating asset with 11 separate rental opportunities, positioned in an established residential rental zone. The combination of: 11 units full occupancy R37,900 monthly income prepaid utilities on-site caretaker 991 m² double stand annual rental growth makes this an excellent opportunity for both seasoned property investors and buyers looking to enter the rental-property market. Invest in an asset that is already working for you. Contact us today to arrange a viewing and obtain further financial and property information.