This exceptional rental property offers a prime investment opportunity in Capricorn, Polokwane. Situated within walking distance from The Greenery and less than one kilometre from the new 488-bed academic hospital currently under construction.
Whether you’re a seasoned investor or looking to kick-start your property portfolio, this unique opportunity combines a steady rental income with future growth potential.
Perfectly designed for a commune setup, this property offers comfortable living for tenants in a safe neighbourhood near sought-after amenities for added convenience.
Two buildings make up the six dwellings on the stand:
- 5 flats sharing an entrance gate, each unit with its own secure parking space, plus guest parking.
- A bachelor, 3x two-bedroom units, and a
three-bedroom unit.
- A four-bedroom house with two bathrooms, multiple living areas, a dining room, a kitchen, laundry, a double garage, and an exclusive-use garden and entrance gate.
- 557m² gross lettable area.
- Return on investment is currently 9.6%. A future ROI of 12% can be achieved.
- Not VAT registered. Transfer fees will apply.
For investors looking for more than just a rental income, the property has already been rezoned for Residential 2 (medium-density residential development), paving the way for future expansion. This location also holds immense potential for overnight accommodation or long-term rental options for contractors. The zoning allows a building height of two storeys, as well as building coverage of up to 70% of the ERF.
With its central location, a diverse array of possibilities and income-generating potential from day one, this address offers an attractive investment opportunity.
Calling all serious investors, don’t miss out on owning prime real estate in a sought-after location.
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