Exceptional Investment Opportunity: Eight-Unit Rental Property in Kempton CBD
Exceptional Investment Opportunity: Eight-Unit Rental Property in Kempton CBD
This exceptional property presents a prime investment opportunity situated in the vibrant heart of Kempton Park CBD. Perfectly positioned for a thriving rental business, the location boasts high demand due to its unparalleled proximity to essential facilities, including various shops, the main taxi rank, and the train station. This ensures consistent tenant interest and a reliable income stream.
The expansive property currently features eight well-appointed rental cottages, each thoughtfully designed as a bachelor unit. Each cottage offers independent living with its own private toilet and shower facilities, catering to the needs of modern tenants. This established setup is currently generating an impressive income of approximately R21,400 per month, providing an immediate return on investment.
Spanning a generous 1200 sqm erf, the property benefits from a substantial open yard, offering significant potential for future expansion and development. Investors have the flexibility to add more units, further enhancing the property''s income-generating capacity. Its strategic location is a major asset, being within walking distance to the SAPS and Festival Mall, and just a five-minute drive to OR Tambo International Airport, making it highly attractive to a diverse tenant base, including students and professionals. This is a unique chance to acquire a high-yield asset in a metropolitan hub.
Key Features
Eight self-contained rental bachelor units
Each unit with private toilet and shower
Current monthly income generation of approximately R21,400
Expansive 1200 sqm erf with development potential
Prime Kempton Park CBD location
Walking distance to shops, taxi rank, train station, SAPS, and Festival Mall
Five-minute drive to OR Tambo International Airport
Ideal for student accommodation and rental business
DAZZLE REALTORS PTY LTD trading as REMAX Dazzle Kempton Park operates in terms of a franchise agreement with REMAX of Southern Africa.