2 Bedroom House in Kaalfontein

EXCELLENT INVESTMENT OPPORTUNITY MASSIVE 700m² STAND WITH EXISTING RENTAL INCOME | KAALFONTEIN

A LARGE PROPERTY WITH EXISTING RENTAL INCOME AND SIGNIFICANT DEVELOPMENT POTENTIAL!

Positioned directly opposite Kaalfontein Corner, this spacious 700m² stand presents an exciting opportunity for an investor looking to generate rental income while unlocking the property''s substantial development potential.

700m² STAND SPACE TO GROW

One of the property''s biggest advantages is its generous 700m² stand, offering valuable space for further development and expansion.

The property already has existing rental accommodation in place, together with a foundation for a proposed double-storey development.

EXISTING RENTAL INCOME

The property currently consists of:

2-bedroom, 1-bathroom main house fully rented at R6,500 per month

4 cottages in total

2 cottages occupied generating R2,500 each per month

2 cottages currently vacant offering an immediate opportunity to increase rental income

CURRENT RENTAL INCOME: R11,500 PER MONTH

Once the two vacant cottages are rented, the existing accommodation could potentially generate R16,500 per month, before any further development.

DEVELOPMENT POTENTIAL

The 700m² stand provides substantial room for additional development.

The property already has a foundation in place for a proposed double-storey development, consisting of:

GROUND FLOOR

5 large bachelor rooms

UPSTAIRS

5 additional large bachelor rooms

This represents a proposed 10 additional bachelor rooms.

The owner is willing to share the existing development plans with interested buyers to provide an indication of the intended layout and development concept.

Important: The plans have not been submitted or approved. They are the owner''s proposed plans and would need to be reviewed and submitted for the necessary approvals by the new owner.

PRIME KAALFONTEIN POSITION

The property is ideally positioned directly opposite Kaalfontein Corner, providing convenient access to local amenities and transport routes.

The prominent location, combined with the large 700m² stand, existing rental accommodation and proposed development concept, makes this a property worth viewing for investors looking at long-term rental opportunities.

CURRENT RENTAL INCOME: R11,500 PER MONTH

POTENTIAL EXISTING INCOME: R16,500 PER MONTH

PLUS POTENTIAL FUTURE INCOME FROM THE PROPOSED 10 BACHELOR ROOMS

700m² OF LAND. EXISTING RENTAL INCOME. FOUNDATION ALREADY IN PLACE. DIRECTLY OPPOSITE KAALFONTEIN CORNER. PROPOSED 10-ROOM DEVELOPMENT CONCEPT.

Contact us today to arrange a viewing and discuss the property''s development potential.