1.7 ha Farm in Kameeldrift East

1.7ha Income-Generating Property with Multiple Dwellings & Storage Units - Kameeldrift

A rare opportunity to own 1.7 hectares with multiple independent income-generating dwellings, established rental income and extensive grounds in the sought-after Kameeldrift area.

This unique property offers an opportunity that is difficult to find: six separate, private living units on one expansive property, together with additional storage facilities and an established rental income stream.

The six dwellings are independently positioned, each with its own entrance, kitchen and living areas, allowing tenants to enjoy their own private space without sharing the main living environment. Collectively, the property offers approximately 18 rooms and 10 bathrooms, making it equally attractive as an income-producing investment or as a solution for an extended family wanting to live close together while maintaining their independence.

Adding further income potential are 13 storage units, which already have tenant contracts in place and provide an established supplementary income stream.

The numbers speak for themselves The property currently generates approximately R58,000 per month in rental and storage income, equating to around R696,000 in gross annual income.

At the asking price of R4.4 million, this represents a gross income yield of approximately 15.8 before operating expenses, maintenance, vacancies and other ownership costs.

The extensive grounds are another defining feature of the property. Mature trees, established gardens and generous open spaces create a peaceful, private environment with plenty of room to enjoy the acreage.

The buildings themselves are older and would benefit from attention and refurbishment, providing the next owner with the opportunity to modernise, improve and potentially increase both the property''s appeal and rental income over time.

A property with options For the investor, this is an opportunity to acquire a substantial piece of land with multiple existing income streams and considerable future potential.

For the extended family, it offers something equally valuable: the ability for parents, children, relatives or even multiple generations to live on the same property while retaining their own front door, kitchen, living space and privacy.

With its combination of 1.7 hectares, six independent dwellings, 18 rooms, 10 bathrooms, 13 storage units and established monthly income, this is much more than simply a residential property. These units are part a business that will be included in the transaction for the potential buyer.

It is an income-producing property with the space, flexibility and potential to make it your own.

Asking Price: R4,400,000

Income figures are based on current rental arrangements and should be independently verified by prospective purchasers. Gross yield calculation excludes operating expenses, maintenance, vacancies, taxes and other ownership costs.

REDLEX 512 PTY LTD trading as REMAX Property Merchants Mooikloof operates in terms of a franchise agreement with REMAX of Southern Africa.