728 m² Commercial space in Cannon Hill

Positioned on a expansive erf with massive add-value potential, this versatile commercial property presents a lucrative opportunity for astute investors targeting student accommodation, multi-tenant residential lets, or high-density rental units.

Property Highlights

Dual-Building Layout: 2 separate multi-room buildings.

Capacity: 22 bedrooms total 11 rooms per building.

Ablutions: 8 bathrooms total 4 bathrooms per building.

Current Holding Income: Generating R30,000 per month in existing rental yield.

Utilities: Municipal water and electricity accounts are fully up to date.

Value-Add & Development Potential

Renovators Delight: Capitalize on the need for cosmetic and structural updates to overhaul the space, optimize room layouts, and command premium rental rates.

Massive Expansion Space: Ample vacant land on site provides immediate potential to build additional apartment blocks, units, or high-density student housing.

Tenant Amenities: Generous open grounds with clear allocation room to construct covered tenant carports and secure parking structures.

Ideal Investment Fits

High-density student housing facility

Multi-tenant residential apartment conversion

Co-living or worker accommodation complex

Contact Siya today to arrange a private viewing and unlock this propertys true income potential.