8 Bedroom House in Penina Park

Income-producing property with strong development potential in a prime location.

This spacious 8-bedroom, 4-bathroom property in Penina Park offers an excellent opportunity for investors seeking an established rental income with potential for further value creation. Set on a substantial 1,036m² stand with approximately 390m² of floor space, the property currently generates approximately R20,350 per month in rental income. The property offers 8 bedrooms, 4 bathrooms, 2 spacious kitchens, generous living areas, a double garage and ample additional parking. Its flexible layout makes it well suited to rental accommodation for students, working professionals or larger households, while also offering potential for alternative uses such as guest accommodation, offices, a medical practice or rehabilitation facility, subject to the required approvals.

Additional features include built-in cupboards, tiled floors, fibre connectivity and a fully walled perimeter, providing a practical and secure environment. Located approximately 3 km from Polokwane Central, the property is conveniently positioned near schools, shopping centres, hospitals and other amenities. An attractive opportunity to acquire an income-producing property with a substantial stand, strong rental appeal and scope to unlock additional value.

Contact us today to arrange a viewing.