Description

Accepting Offers. DESCRIPTION: Unlock the potential of this partially completed residential investment situated in the heart of Electric City, Eersteriver. Currently, three tenanted units are producing ±R 12 000 per month. This property offers an exceptional opportunity for investors or developers looking to complete a project with strong income-producing potential. Designed and approved for six spacious one-bedroom flatlets, the development is already well underway. Three of the units are currently tenanted, providing immediate rental income while the remaining units can be completed to maximise your return on investment. Property Features: • Approved plans for 6 x one-bedroom flatlets • Partially completed development • 3 Units currently occupied, generating rental income • Remaining units ready to be completed to your preferred standard • Solid double-storey structure already in place • Off-street parking Excellent opportunity to create a high-yield rental portfolio whether you're an experienced investor or a first-time developer, this property offers the chance to add value and significantly increase your rental income once completed. Located in Dove Street, Electric City, the property enjoys convenient access to schools, public transport, shopping amenities, and major transport routes. Don't miss this rare opportunity to complete a development with income already being generated. Contact us today to arrange a viewing and explore the full potential of this investment. DETAILS: • Erf no: 7797, Blue Downs • Erf size: 288m² • Zoning: General Residential 1 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.