3 Bedroom House in La Rochelle

Calling all investors, developers and property flippers!

PRIME MULTI-INCOME &amp DEVELOPMENT OPPORTUNITY IN LA ROCHELLE

Situated at 269 Johannesburg Road, La Rochelle, this versatile property presents an exceptional opportunity for investors, developers, and property flippers seeking immediate rental yields or future redevelopment potential.

INCOME-GENERATING LAYOUT The property currently accommodates six active tenants across multiple distinct rental streams: Main Residence: A spacious 3-bedroom house featuring a large kitchen, lounge, bathroom with shower and toilet, welcoming front porch, and an additional outside toilet currently accommodating 2 tenants. Commercial Retail: One functional street-facing shop with an existing tenant. Outside Flatlet: Subdivided into 3 separate units accommodating 3 tenants.

DEVELOPMENT &amp VALUE-ADD POTENTIAL Boasting a large backyard, the stand offers significant space for expansion. Developers can investigate demolishing the existing structures to build an estimated 8-10 unit apartment block subject to municipal zoning and approvals. Alternatively, with some TLC, investors can renovate and modernize the existing structures to maximize monthly rental yields or resell for a profit.

CONVENIENT LOCATION Ideally positioned close to major transport routes, shopping hubs Mall The Junction, Shoprite Centre, Total Bonjour, essential services, and reputable schools including La Rochelle Primary, Crescent Academy, Verney College, and Forest High.

Bring your vision and turn this multi-stream asset into your next successful investment-contact us today to arrange a viewing!

KERATIN PROPERTIES PTY LTD trading as REMAX Genesis Houghton operates in terms of a franchise agreement with REMAX of Southern Africa.