3 Bedroom House in Athlone
Multiple Dwelling Property with approved development plans
An exceptional opportunity for savvy investors! Perfectly positioned on level land within a bustling mixed-use area, this income-generating property offers solid returns and excellent future growth potential.
Already producing steady rental income, the property also comes with approved plans for six additional units, making it a lucrative option for expansion or redevelopment.
The property currently comprises two well-maintained buildings and two flatlets, each with prepaid meters for easy management and separate tenants in place. The spacious courtyard provides ample parking for all occupants.
Main House
Divided into two self-contained sections, each with its own entrance and prepaid meter.
Section A: 3 bedrooms, 1 bathroom, open-plan lounge and dining area, and a spacious fitted kitchen.
Section B: 2 bedrooms, lounge, dining area, and fitted kitchen.
Flatlets
Flatlet A: Stylish studio apartment with 1 bedroom, bathroom, modern fitted kitchen with granite tops, and secure parking.
Flatlet B: 2 fitted bedrooms, 1 bathroom, lounge, fitted kitchen, and single parking bay.
With its strategic central location, approved development potential, and reliable rental income, this property is an investors dream.
A must-see opportunity for those seeking strong returns and long-term value!
Property details
- Listing number T5303511
- Property type House
- Listing date 13 Nov 2025
- Land size 1 026 m²
- Rates and taxes R 4 500
Property features
- Bedrooms 3
- Bathrooms 3
- Lounges 1
- Dining areas 1
- Open parking 5
- Flatlets
- Pet friendly
- Laundry
- Patio
- Security post
- Staff quarters
- Garden