16 Bedroom Apartment in Waterkloof

An exceptional opportunity to acquire a contemporary, income-generating residential development in one of Pretoria''s most established and conveniently located neighbourhoods.

Situated in the heart of Nieuw Muckleneuk, Nieuw Point is a newly developed residential investment comprising 16 beautifully appointed apartments, thoughtfully designed to combine modern architectural appeal, quality finishes and long-term investment potential.

The development consists of eight spacious loft apartments and eight contemporary studio apartments, offering a versatile accommodation mix that appeals to young professionals, executives and discerning tenants seeking sophisticated, low-maintenance urban living.

Each apartment has been furnished and equipped with quality furniture, modern appliances and carefully considered interior finishes. Contemporary kitchens, stylish bathrooms and well-proportioned living spaces create an inviting residential environment, while the distinctive loft configurations introduce an additional sense of space and architectural character.

The property is offered fully furnished and fully tenanted, presenting investors with an established rental income stream from acquisition, without the immediate complexities of furnishing, marketing and securing tenants for an entire development.

Investment Highlights

Occupying a generous 1,314 m² stand, with approximately 808 m² of floor space, the development has been designed with both tenant convenience and operational efficiency in mind.

Residents benefit from secure access control, electric fencing, intercom facilities, fibre connectivity and dedicated backup power to each apartment. The property also offers 32 covered parking bays and six additional open parking spaces, an attractive convenience in a centrally located residential development.

All furniture and appliances are included in the asking price, allowing the purchaser to acquire a complete, furnished residential investment rather than an unfinished or partially occupied development.

From an operational perspective, tenants are responsible for their own water and electricity consumption, providing a practical arrangement for managing recurring utility expenses.

The development also benefits from an NHBRC structural warranty extending to September 2029, offering an additional measure of assurance regarding the building''s structural integrity.

A Strategic Pretoria Address

Nieuw Muckleneuk remains a desirable residential location, appreciated for its established character, leafy surroundings and proximity to some of Pretoria''s most important commercial, diplomatic and lifestyle destinations.

The development enjoys convenient access to Brooklyn, Waterkloof, Groenkloof and the wider Pretoria East corridor, with major shopping centres, restaurants, professional offices and essential amenities all within easy reach. Excellent connectivity to surrounding arterial routes and the highway network further enhances the property''s appeal to prospective tenants.

An Established Income-Producing Asset

With all 16 apartments currently tenanted, Nieuw Point represents an opportunity for investors seeking a modern residential asset with existing rental income, an attractive accommodation offering and a relatively new building requiring limited immediate capital improvements.

The development is advertised as achieving an approximate net yield of 8, with supporting financial information available for review. Its combination of contemporary accommodation, comprehensive furnishings, established occupancy and convenient location provides a compelling foundation for a long-term residential property investment.

Offered at R29,000,000 excluding VAT.

For further information, supporting financial documentation or to arrange a confidential private viewing of the development, please get in touch.