R1,940,000
R1,940,000
3
Bedrooms
1
Bathrooms
2
Garages
Talitha Tolmay
Elaine Engelbrecht
Dual Mandate | Prime Development Opportunity with Immediate Income
This ideally positioned property presents a rare opportunity for developers and serious investors seeking both development upside and interim cash flow. .
The property is exceptionally well located, making it highly suitable for townhouse development or NSFAS-accredited student accommodation.
A key advantage is the existing front house, which can be converted into student accommodation or rental units, allowing an investor to generate income immediately while planning and developing the remainder of the stand. This reduces holding costs and improves overall project feasibility.
The current home offers a welcoming entrance hall, spacious lounge, and a functional kitchen with built-in cupboards, an eye-level oven, a coal stove, and a separate laundry. Three well-proportioned bedrooms, a bathroom with a separate toilet, original wooden floors, and high ceilings add character and adaptability. A large patio provides additional usable space. Further value is added by a double garage with approved plans for conversion into a flat, as well as an outside toilet increasing rental options even before redevelopment begins.
What sets this property apart is its proven development potential. With a neighbouring complex already established on an identical stand, this site offers a clear blueprint for success. Investors benefit from strong rental demand, a strategic location, and the ability to earn income while building, making this a smart, risk-balanced development opportunity.
Contact us to arrange a private viewing and discuss the full development and income potential of this exceptional site.
The property is exceptionally well located, making it highly suitable for townhouse development or NSFAS-accredited student accommodation.
A key advantage is the existing front house, which can be converted into student accommodation or rental units, allowing an investor to generate income immediately while planning and developing the remainder of the stand. This reduces holding costs and improves overall project feasibility.
The current home offers a welcoming entrance hall, spacious lounge, and a functional kitchen with built-in cupboards, an eye-level oven, a coal stove, and a separate laundry. Three well-proportioned bedrooms, a bathroom with a separate toilet, original wooden floors, and high ceilings add character and adaptability. A large patio provides additional usable space. Further value is added by a double garage with approved plans for conversion into a flat, as well as an outside toilet increasing rental options even before redevelopment begins.
What sets this property apart is its proven development potential. With a neighbouring complex already established on an identical stand, this site offers a clear blueprint for success. Investors benefit from strong rental demand, a strategic location, and the ability to earn income while building, making this a smart, risk-balanced development opportunity.
Contact us to arrange a private viewing and discuss the full development and income potential of this exceptional site.
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