Pays for itself - plus Development land
NO Transfer duty!!! Positioned alongside the highly accessible N14 motorway, this well-run and impeccably maintained property offers a compelling investment opportunity. Set on 3.37 hectares, the development comprises 23 recently upgraded residential units, all fully let, ensuring immediate and stable rental income. The property exudes a relaxed, holiday-like ambience that strongly attracts long-term tenants, supporting consistently high occupancy levels. Residents benefit from a range of lifestyle amenities, including landscaped gardens, a communal braai area, covered parking, as well as secure garages and storage facilities where required, all of which contribute to tenant satisfaction, retention, and sustained rental demand. The overall design and condition of the property reflect careful management and a focus on preserving long-term value.
Complementing the residential offering, the property also features two warehouses in the lower section, along with a church and generous staff accommodation, creating additional income streams and flexible usage potential. Its strategic positioning, diversified revenue opportunities, and fully tenanted status make this an outstanding, income-producing asset with strong prospects for future growth. An excellent opportunity for further development.