34 Bedroom House in Kensington

A rare high-yield investment opportunity offering 34 tenanted rooms across 4 separate buildings situated on 4 notarially tied stands measuring 1,980m2 in total 495m2 x 4 with 1,800m2 of total building size.

Currently generating approximately R54,000 per month in rental income, this well-located property is ideal for an investor seeking immediate cash flow with excellent value-add potential. The property is fully occupied on a sub-let basis, close to public transport and shops, making it highly desirable for tenants.

Perfectly suited for rental income, student accommodation, staff housing, or a value-add redevelopment project.

This is a solid, income-producing asset in a high-demand rental area - not a new build, not derelict - just an honest, functioning investment ready for a savvy buyer to take over and optimize.

Financial Overview:

- Monthly Rental Income: R54,000 34 rooms

- Rates Excl. water & lights: R4,000 per month

- Electricity: Pay-as-you-go meters installed for all rooms landlord only pays for common areas

- Council Services: All paid up to date

- Key Features:

- 4 Stands - Notarially Tied 1,980m2 total

- 1,800m2 Total Building Size

- 34 Rooms

- 4 Independent Buildings housing 34 rooms

- Strong Monthly Gross Income of approx R54,000

- Prepaid Electricity Meters for all rooms - reduced landlord risk

- Low Holding Cost - Rates only R4,000 excl. water & lights

- Municipal Accounts Up To Date

- Close to Transport & Shops - high rental demand

- Secure: Fully walled with gated entrance

- Concrete Paved Courtyards and walkways between buildings

Versatile Use: Rental Income | Student Accommodation | Staff Housing | Value-Add Redevelopment