NEW
SOLE MANDATE
Web Ref RL18749
POA
Monthly Bond Repayment R0.01
Calculated over 20 years at 11.0% with no deposit.
Change Assumptions
Prime Development & Investment Opportunity – Florida
Situated near the ever-popular Florida Lake, this 1500m² property is a rare gem for investors and developers alike. Offering excellent rental income potential and scope for future development, it’s the ideal canvas for those looking to grow their portfolio.
Property Highlights
Sectional Title Units:
Four generously sized units, each measuring 81m²
Two units located on the ground floor, with two more above
Well-designed rental-friendly layout with great natural flow
Garages & Additional Space:
Four existing garages—perfectly suited for conversion into rental rooms with shared bathrooms
Potential rental income per room: R1,800–R2,000 monthly
Development Potential:
Approx. 900m² of open land ready for expansion
Current buildings are positioned to one side, allowing for seamless development
Zoned for high-density use—ideal for constructing additional flats or residential containers
Income Potential
Estimated Gross Rental Income:
With current units and garage conversions, the property could generate up to R28,000 per month
Further development could unlock even greater rental yields
Why This Property Makes Sense
Excellent location in a sought-after residential zone
Cost-effective land with significant room for value appreciation
Versatile layout that welcomes creative development ideas
Conveniently close to schools, public transport, and local amenities
Whether you're aiming to build passive income or expand a high-performing rental portfolio, this property offers unmatched potential in a rapidly growing area.
Opportunities like this are rare—let’s chat strategy. Book your viewing today.
Property Highlights
Sectional Title Units:
Four generously sized units, each measuring 81m²
Two units located on the ground floor, with two more above
Well-designed rental-friendly layout with great natural flow
Garages & Additional Space:
Four existing garages—perfectly suited for conversion into rental rooms with shared bathrooms
Potential rental income per room: R1,800–R2,000 monthly
Development Potential:
Approx. 900m² of open land ready for expansion
Current buildings are positioned to one side, allowing for seamless development
Zoned for high-density use—ideal for constructing additional flats or residential containers
Income Potential
Estimated Gross Rental Income:
With current units and garage conversions, the property could generate up to R28,000 per month
Further development could unlock even greater rental yields
Why This Property Makes Sense
Excellent location in a sought-after residential zone
Cost-effective land with significant room for value appreciation
Versatile layout that welcomes creative development ideas
Conveniently close to schools, public transport, and local amenities
Whether you're aiming to build passive income or expand a high-performing rental portfolio, this property offers unmatched potential in a rapidly growing area.
Opportunities like this are rare—let’s chat strategy. Book your viewing today.
Features
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
2
Kitchen
2
Reception Rooms
2
Furnished
No
Exterior
Garages
2
Security
Yes
Pool
No
Sizes
Land Size
1,500m²
