Commercial space in Lenasia

Investment Opportunity: High-Yield Multi-Unit Property in Lenasia

This versatile multi-residential and commercial property, situated in a high-visibility pocket of Lenasia, Johannesburg, offers an exceptional opportunity for savvy investors seeking immediate cash flow and long-term capital growth.

Benefiting from significant foot traffic, the property is perfectly positioned for both stable residential tenancies and thriving commercial enterprise.

Financials and Features:

Gross Monthly Rental: R35,000.00

Average Utility Costs: R5,000.00

Location: Prime high-traffic area in Lenasia

Diverse Income Streams: 6 distinct rental elements

Property Breakdown:

Spacious Apartments 3: 3 Bedrooms, 1 Bathroom Ideal for families

Standard Units 2: 2 Bedrooms Perfect for couples or small families

Commercial Shop 1: Prominent street frontage with high visibility

Value-Add Potential:

The commercial component includes additional storage at the rear, which also offers the potential for on-site living quarters, making it highly attractive for owner-operators or as a premium rental for business owners.

By modernizing the older units, there is clear potential to significantly increase the current rental yield.

Investment Summary:

With a strong existing rental income and a strategic location that ensures low vacancy rates, this property is a workhorse for any portfolio. Whether you are looking to hold and collect or renovate and maximize, the bones of this investment are rock solid.