16 Bedroom House in Glen Austin AH

An exceptional investor opportunity in sought-after Glen Austin, Midrand. This income-producing property offers multiple tenanted cottages on a generous 8566 m2 stand, with excellent existing cashflow and substantial space for further development.

Income Overview:

R60,000/month rental income from cottages

R30,000/month other income (kennels, services)

Total gross monthly income: R90,000

Annual gross income: Over R1,000,000

Approx. 27% gross yield at R5,1 million asking price

Property Features:

10 existing cottages fully tenanted

5 x 2-bedroom units

3 x 1-bedroom units

2 bachelor units

Cottages feature tiled floors, modern finishes, full bathrooms (one with shower only), laminated flooring in double-storey units, and some with fireplaces

Each unit has pre-paid electricity

Two additional incomplete cottages built to roof height, ready for finishing to increase income

Other Amenities:

Spring water borehole with solar-powered pump supplying water to all units

Kennels rented to a security company with 24/7 caretakers, ensuring active site maintenance

Dog grooming parlour business potential

Staff quarters and store rooms

Secure panhandle position away from main road

Fully walled property with two entrance gates

Development Potential:

This stand is large, flat, and tree-rich, withample unused spacefor further cottages, additional rental units, workshops, or business facilities. Investors can expand and customize the site to grow income even further.

Location Benefits:

Glen Austin is a prime Midrand address with easy access to major transport routes, Gautrain station, shopping centres, and schools. The area is well-patrolled by local security companies, adding peace of mind for tenants and owners alike.

Investor Appeal:

Ideal for buy-to-let landlords, family trusts, developers, or entrepreneurs looking to maximize rental yields while benefiting from an appreciating land asset in one of Midrands most versatile agricultural holdings.

Dont miss this rare, high-yield investment opportunity at an unbeatable price point.