4 Bedroom House in Lenasia South

Prime Development Opportunity R1 050 000

This property presents a rare opportunity for serious investors seeking a ready-to-develop income-producing asset. A fully compliant RES 3 and development-ready investment site is located in the established Lenasia South node. The property is supported by a completed uMaStandiTUHF feasibility study for additional 10 bachelor units, with rezoning approved. Only bulk services remain outstanding, making this an ideal turnkey opportunity for affordable multi-let housing development.

PROPERTY DETAILS

Address: Cosmos Road, Lenasia South, Johannesburg

Flat, easily developable stand

Suitable for medium-density rental housing

Zoned and approved for multi-residential development

DEVELOPMENT FEASIBILITY HIGHLIGHTS

- Current rental - income R 8400

- Potential for additional 10 rental units

- Projected Gross Monthly Income: R37 765 once the development is completed including existing units

INVESTMENT STRENGTHS

Rezoning completed only bulk services remain to be paid

uMaStandi feasibility completed financially viable project

High rental demand area

Close to public transport, schools, clinics, and shopping amenities

Ideal for multi-let development models