HIGH-YIELD INVESTMENT & DEVELOPMENT OPPORTUNITY — UMHLATUZANA, CHATSWORTH
An exceptional investment opportunity awaits in the strategically positioned suburb of Umhlatuzana, Chatsworth, conveniently located just off Higginson Highway and within easy reach of major transport routes, schools, shopping centres and surrounding business nodes.
This established residential development comprises 8 spacious units, offering an investor multiple options to unlock and potentially increase the property's income-producing capacity.
THE DEVELOPMENT
The property currently consists of:
4 × Three-Bedroom Units
Each unit offers:
3 spacious bedrooms with built-in cupboards
Fully fitted kitchen
En-suite bathroom
Family bathroom
Open-plan lounge and dining area
Washing-machine outlet
1 undercover parking bay
1 additional open parking bay
4 × Two-Bedroom Units
Each unit offers:
2 bedrooms
Fully fitted kitchen
Open-plan lounge and dining area
Separate shower and toilet
Dedicated parking
The complex is currently not sectionalised, creating potential flexibility for an investor or developer to investigate sectionalisation and the possibility of selling individual units separately, subject to professional, municipal and legal approval.
WHY THIS PROPERTY IS INTERESTING TO AN INVESTOR
The attraction is not simply the existing rental income.
The real opportunity is the number of different strategies available from the same underlying asset.
OPTION A
Keep it residential
Current reported income: approximately R54,000/month
Potential indicated rental target: approximately R60,000/month
OPTION B
Student accommodation
Illustrative capacity: up to 40 occupants
Illustrative gross income at R4,000/occupant: R160,000/month
Illustrative gross income at R5,000/occupant: R200,000/month
OPTION C
Worker / professional accommodation
Illustrative gross income at R4,500/occupant: R180,000/month
Illustrative gross income at R5,000/occupant: R200,000/month
OPTION D
Medical / consulting centre
Illustrative gross income at R6,000 per room: R96,000/month
Illustrative gross income at R7,500 per room: R120,000/month
OPTION E
Sectionalise and sell individually
Potential capital-exit strategy, subject to feasibility, approvals and achievable market values.
THE INVESTMENT PROPOSITION
This is therefore not simply an opportunity to purchase eight residential units.
It is an opportunity to acquire an existing income-producing property with multiple potential value-creation strategies.
An investor could retain the existing rental model, optimise conventional residential rentals, reposition the property toward student or professional accommodation, investigate a medical and consulting centre, create a hybrid income model, or explore sectionalisation and individual unit sales.
The property's location just off Higginson Highway, established accommodation configuration and eight-unit layout provide a strong foundation from which to investigate these strategies.
For the investor with the vision and appetite to reposition the asset, the greatest opportunity may lie not in what the property currently produces — but in what it could potentially produce after the right strategy, capital expenditure and approvals are applied.
Serious investors are encouraged to conduct their own feasibility study, including zoning verification, municipal approvals, building compliance, market demand, refurbishment costs, operating expenses, financing costs, taxation and achievable rental or sales values before relying on any projected returns.
Don't wait for someone else to see the potential first.
Contact Bradley Edwin today to arrange your exclusive viewing.
This established residential development comprises 8 spacious units, offering an investor multiple options to unlock and potentially increase the property's income-producing capacity.
THE DEVELOPMENT
The property currently consists of:
4 × Three-Bedroom Units
Each unit offers:
3 spacious bedrooms with built-in cupboards
Fully fitted kitchen
En-suite bathroom
Family bathroom
Open-plan lounge and dining area
Washing-machine outlet
1 undercover parking bay
1 additional open parking bay
4 × Two-Bedroom Units
Each unit offers:
2 bedrooms
Fully fitted kitchen
Open-plan lounge and dining area
Separate shower and toilet
Dedicated parking
The complex is currently not sectionalised, creating potential flexibility for an investor or developer to investigate sectionalisation and the possibility of selling individual units separately, subject to professional, municipal and legal approval.
WHY THIS PROPERTY IS INTERESTING TO AN INVESTOR
The attraction is not simply the existing rental income.
The real opportunity is the number of different strategies available from the same underlying asset.
OPTION A
Keep it residential
Current reported income: approximately R54,000/month
Potential indicated rental target: approximately R60,000/month
OPTION B
Student accommodation
Illustrative capacity: up to 40 occupants
Illustrative gross income at R4,000/occupant: R160,000/month
Illustrative gross income at R5,000/occupant: R200,000/month
OPTION C
Worker / professional accommodation
Illustrative gross income at R4,500/occupant: R180,000/month
Illustrative gross income at R5,000/occupant: R200,000/month
OPTION D
Medical / consulting centre
Illustrative gross income at R6,000 per room: R96,000/month
Illustrative gross income at R7,500 per room: R120,000/month
OPTION E
Sectionalise and sell individually
Potential capital-exit strategy, subject to feasibility, approvals and achievable market values.
THE INVESTMENT PROPOSITION
This is therefore not simply an opportunity to purchase eight residential units.
It is an opportunity to acquire an existing income-producing property with multiple potential value-creation strategies.
An investor could retain the existing rental model, optimise conventional residential rentals, reposition the property toward student or professional accommodation, investigate a medical and consulting centre, create a hybrid income model, or explore sectionalisation and individual unit sales.
The property's location just off Higginson Highway, established accommodation configuration and eight-unit layout provide a strong foundation from which to investigate these strategies.
For the investor with the vision and appetite to reposition the asset, the greatest opportunity may lie not in what the property currently produces — but in what it could potentially produce after the right strategy, capital expenditure and approvals are applied.
Serious investors are encouraged to conduct their own feasibility study, including zoning verification, municipal approvals, building compliance, market demand, refurbishment costs, operating expenses, financing costs, taxation and achievable rental or sales values before relying on any projected returns.
Don't wait for someone else to see the potential first.
Contact Bradley Edwin today to arrange your exclusive viewing.
Monthly Rates
R2,487
Features
Interior
Exterior
Additional Amenities
Listing Info
Print
Jean Reddy
Agent
Bradley Edwin
Agent
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 Chas Everitt website is accurate and up to date, Chas Everitt 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.
