R 4 800 000 | farm property for sale in glen austin

Income-Generating Property with 8 Completed Units, 1 Approved Unit on Plan & Outstanding Guesthouse Potential This exceptional investment opportunity in the sought-after suburb of Glen Austin offers a rare chance to own a well-positioned multi-unit property with excellent income potential. Ideally located near Accolades Wedding Venue and several other popular event destinations, this property is perfectly suited for investors looking to expand their rental portfolio or establish a boutique guesthouse. The property currently features 8 fully completed units, with an additional approved unit already included on the building plans, providing excellent potential to increase future rental income. Property Features 8 Completed Units 1 Approved Unit on Plan Unit 1: 2 Bedrooms | 1 Bathroom (Shower & Bath) Unit 2: 2 Bedrooms | 1 Bathroom (Shower & Bath) Unit 3: Approved unit on the building plans – ready for future development Unit 4: 2 Bedrooms | 1 Bathroom (Shower) Unit 5: 2 Bedrooms | 1 Bathroom (Shower & Bath) Unit 6: 1 Bedroom | 1 Bathroom (Shower) Unit 7: 2 Bedrooms | 1 Bathroom (Shower & Bath) Unit 8: Bachelor Unit | Bathroom (Shower & Bath) Unit 9: Bachelor Unit | Bathroom (Shower & Bath) Outdoor Features Each completed unit enjoys its own private garden, creating a peaceful and private living environment for tenants or guests. Spacious communal lawns and mature trees add to the property's tranquil atmosphere. A swimming pool is already in place and offers fantastic potential to be renovated into a beautiful entertainment area, further enhancing the property's appeal. Additional Features Prepaid electricity installed in every completed unit Reliable borehole supplying affordable water Ample visitor and tenant parking Generous storage space Secure property with excellent access Rates & Taxes Approximately R2,300 per month. Why You'll Love This Investment 8 established income-generating units Additional approved unit offering future expansion potential Excellent location close to popular wedding venues and event destinations Ideal for long-term rentals, short-term accommodation or a boutique guesthouse Multiple income streams from one property Low running costs with prepaid electricity and borehole water Strong potential to increase rental returns through upgrades and completing the additional unit Whether you're an experienced investor or looking for your next high-yield property, this is a rare opportunity to secure a versatile, income-producing asset in one of Glen Austin's most desirable locations. Don't miss out on this exceptional investment opportunity – contact Shani Loubser from Reliable Realty today to arrange your private viewing.