Prime Development Opportunity in Windsor East
Price: R3,000,000
Unlock the potential of this exceptional property in Windsor East, ideal for developers and investors alike. With approved municipal plans for 18 units, this land is ready for immediate construction, offering a seamless transition from planning to building. This is an unmissable chance to transform a prime piece of real estate into a lucrative investment.
Currently, the property features 12 rooms that generate a steady rental income of R21,000 per month. However, the true potential lies in the approved blueprint for 18 modern units, which could significantly boost your revenue. In this area, 2-bedroom units typically rent for R6,500 per month, translating to a potential monthly income exceeding R150,000 once fully developed.
The current property rental breakdown is as follows:
- Room 1: R1,750
- Room 2: R1,500
- Room 3: R1,700
- Room 4: R2,200
- Smallest Room: R750
- Caretaker's Room: R1,840 (not paying at the moment)
- Main bedroom with ensuite: R2,200
- Six rooms at the back
- Main house: 8 bedrooms, including 2 ensuites and 3 shared bathrooms
The location is unbeatable—situated opposite the picturesque golf course along Republic Road and within walking distance to Cresta. This prime spot ensures not only high rental demand but also offers a serene and convenient lifestyle for future tenants. The proximity to essential amenities and recreational facilities makes it an attractive choice for renters.
Don’t miss this unique investment opportunity to capitalize on Windsor East’s growing rental market. Contact us today to learn more and schedule a viewing.
