11 Bedroom House in Northdene

INVESTMENT OPPORTUNITY IN MOSELEY | DEVELOPMENT POTENTIAL

Investors, this is the kind of property where location, existing income and future development potential come together.

Positioned in Moseley, this substantial Income-generating property offers a unique opportunity to acquire a well-established rental asset with Multiple Residential Units, an Office component, and approximately 1,000 sqm of Vacant land that could potentially unlock further development opportunities, subject to the necessary municipal approvals.

EXISTING RENTAL INCOME: R51,000 PER MONTH

The property currently generates approximately R51,000 in monthly rental income, providing a strong income stream that can contribute towards bond repayments and enhance the investment profile:

UnitDescriptionMonthly Rental

Unit 1OfficeR8,000

Unit 23-bedroom home with garden & poolR11,000

Unit 31-bedroom unitR5,000

Unit 43-bedroom home with double garageR12,000

Units 5 & 62-bedroom unitsR15,000 combined

TotalR51,000 pm

That''s R612,000 in gross scheduled Rental income per year, before Expenses, vacancies, and other Ownership costs.

THE DEVELOPMENT OPPORTUNITY

Adding another layer of potential is approximately 1,000 sqm of vacant land.

There is an opportunity to investigate the development of up to four additional units, potentially creating another income stream and increasing the property''s overall rental-producing capacity. Any additional development would, of course, be subject to zoning, municipal approvals, services, building regulations and feasibility.

COMFORTABLE, TENANT-FRIENDLY ACCOMMODATION

The existing homes have been designed with practical family living in mind, featuring:

Tiled interiors throughout

Air conditioning

Pet-friendly accommodation

Secure lock-up-and-go appeal

Prepaid electricity

Prepaid water

Multiple residential configurations

Garden and pool at the 3-bedroom home

Double garage at one of the 3-bedroom units

The prepaid utilities provide an additional level of convenience and control for both landlord and tenants.

LOCATION MATTERS

The property is conveniently positioned with access towards the M7 and N3, while its main-road position provides excellent accessibility to surrounding areas.

The surrounding amenities shown include:

Mat On One On approximately 0.33 km

Magic Moments Preschool approximately 0.76 km

Northdene Junior Primary School approximately 0.88 km

Sturgeon Motors approximately 0.48 km

Paradise Medical Centre approximately 1.91 km

Paradise Junction approximately 1.95 km

The Courtyard Centre approximately 2.97 km

Pineville Junction approximately 3.14 km

This combination of accessibility, established accommodation and proximity to everyday amenities supports the property''s appeal as a multi-income rental investment.

WHY THIS PROPERTY DESERVES YOUR ATTENTION

R51,000 monthly rental income.

R612,000 scheduled gross rental income annually.

Approximately 1,000 sqm of additional land.

Potential for further development, subject to approvals.

Multiple income-producing units.

Main-road positioning with M7 & N3 accessibility.

For an investor looking beyond a conventional residential property, this is an opportunity to acquire an income-producing asset with potential for future growth.

Location. Income. Development Potential.

Investors, don''t overlook this one.

Contact Jean Reddy & Bradley Edwin today to arrange an exclusive viewing and explore the investment potential of this Moseley property.