Commercial space in President Park

President Park is an Agricultural Holding area in Midrand, with stands typically zoned Agricultural Holding and often around 8,565 sqm to 2.5 hectares. A plot with 7 small houses is a multi-dwelling income property.

Boshoff Road, President Park AH

Type: Agricultural Holding with 7 dwellings - Income Investment

Location: 3 Boshoff Road, President Park AH, Midrand - Midway between Midrand CBD and Mall of Africa, boomed-off secure roads

Land Size: Approx. 119m² range typical for the area . Flat to slightly sloping, fully fenced

Zoning: Agricultural Holding with residential and business consent opportunities

The 7 Small Houses Setup

This is described as a compound-style development, perfect for rental income:

Dwelling breakdown typical for this address:

7 x Self-contained units - mix of 1-bed and 2-bed cottages bachelor units

Each unit: open-plan kitchen lounge, bedrooms, bathroom with shower, separate entrance, prepaid electricity meter

Construction: Facebrick and plaster, tiled floors, aluminum windows

Parking: Open parking for 7-10 cars, plus 1-2 double garages

Services:

Municipal water borehole backup common in AH

Eskom prepaid meters per unit

Septic sewer connection to be verified

JoJo tanks and walled perimeter

Investment Highlights

Immediate rental income: 7 units x R3,500 - R5,500 R24,500 - R38,500 per month potential if fully let

Residential business potential - area allows for nursery, funeral parlour, storage, workshops with consent

Development potential: Subdivision or re-development into townhouses subject to council approval

Low levies, rates approx R2,800 pm typical for similar stands

Location Benefits

10 Minutes drive to Midrand CBD and Mall of Africa

Near Brand Road, Swart Road, Modderfontein Road corridors

Mix of commercial and residential properties around, high demand for affordable rentals

What You Must Verify Before Buying

1. Approved plans for all 7 houses - many AH plots have unapproved structures

2. Occupancy certificates and lease agreements if tenanted

3. Zoning and land use rights - is it legally allowed to have 7 dwellings

4. Title deed restrictions and servitudes

5. Municipal accounts - rates estimated up to R10,892 pm for large vacant stands in area

6. Water electricity compliance