Investment Opportunity
Investment Opportunity
This property presents a prime investment opportunity, ideally located just off Lilian Ngoyi Road.
Currently tenanted, the property requires full renovations—perfect for a buyer looking to customize for personal use or to develop into a high-yield investment.
Development Proposal:
The current owners have proposed an exciting redevelopment plan for a four-storey building comprising:
Ground Floor: 16 secure parking bays
Floors 1–3: 14 self-contained micro units per floor (totaling 42 units)
Each unit is approximately 18 sqm and includes an en-suite bathroom and kitchenette. The layout is highly adaptable and ideal for student accommodation or bachelor rentals.
Project Status:
Land Use Management approval obtained
Currently under review by the Development Applications and Approvals Department
Construction drawings and engineer specifications are completed, streamlining the next steps
The appointed architect and engineer are available to assist with the final submission process—fees to be discussed with interested parties.
Municipal Rates: R1,607
This is a turnkey development opportunity with all the groundwork laid—ready to proceed post-approval.
This property presents a prime investment opportunity, ideally located just off Lilian Ngoyi Road.
Currently tenanted, the property requires full renovations—perfect for a buyer looking to customize for personal use or to develop into a high-yield investment.
Development Proposal:
The current owners have proposed an exciting redevelopment plan for a four-storey building comprising:
Ground Floor: 16 secure parking bays
Floors 1–3: 14 self-contained micro units per floor (totaling 42 units)
Each unit is approximately 18 sqm and includes an en-suite bathroom and kitchenette. The layout is highly adaptable and ideal for student accommodation or bachelor rentals.
Project Status:
Land Use Management approval obtained
Currently under review by the Development Applications and Approvals Department
Construction drawings and engineer specifications are completed, streamlining the next steps
The appointed architect and engineer are available to assist with the final submission process—fees to be discussed with interested parties.
Municipal Rates: R1,607
This is a turnkey development opportunity with all the groundwork laid—ready to proceed post-approval.
Monthly Rates
R1,607
Features
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Legacy Real Estate Group website is accurate and up to date, Legacy Real Estate Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
