Retail space in Kensington
10-Unit Investment Property with Massive Potential
This unfinished multi-unit property is a diamond in the rough, offering an incredible chance for investors to create a high-yield rental complex with a little vision and completion work.
The property consists of 4 buildings already structured to provide a variety of rental options:
Building 1 & 2: Two identical units, each with a bedroom, lounge, kitchen, and bathroom (toilet + shower). Though they require TLC, they are restorable into neat, income-producing flats.
Building 3: A 4-unit block with enormous potential. The ground floor is approved for a 1-bedroom apartment awaiting completion. The first floor offers a finished 2-bedroom unit and a 1-bedroom unit, each with its own kitchen and bathroom. The second floor expands on this with two spacious 2-bedroom apartments with toilet and shower.
Building 4: Structured much like Building 3, but with even greater rental possibilities. The second and third floors are home to four 2-bedroom apartments (two per floor), ideal for families or long-term tenants.
Altogether, the property has 10 units in varying stages of completion, representing a golden opportunity for developers or buy-to-let investors to finish construction and unlock significant monthly returns.
Whether youre looking to develop for resale or create a thriving rental hub, this property is ready for the right buyer to maximiseitspotential.
Property details
- Listing number T5245525
- Property type Retail
- Listing date 26 Sep 2025
- Land size 894 m²
- Rates and taxes R 1 809
Property features
- Bedrooms 17
- Bathrooms 11
- Open parking 1