700sqm House for sale in Kaalfontein Midrand
EXCELLENT INVESTMENT OPPORTUNITY – MASSIVE 700m² STAND WITH EXISTING RENTAL INCOME | KAALFONTEIN
A LARGE PROPERTY WITH EXISTING RENTAL INCOME AND SIGNIFICANT DEVELOPMENT POTENTIAL!
Positioned directly opposite Kaalfontein Corner, this spacious 700m² stand presents an exciting opportunity for an investor looking to generate rental income while unlocking the property's substantial development potential.
700m² STAND – SPACE TO GROW
One of the property's biggest advantages is its generous 700m² stand, offering valuable space for further development and expansion.
The property already has existing rental accommodation in place, together with a foundation for a proposed double-storey development.
EXISTING RENTAL INCOME
The property currently consists of:
2-bedroom, 1-bathroom main house – fully rented at R6,500 per month
4 cottages in total
2 cottages occupied – generating R2,500 each per month
2 cottages currently vacant – offering an immediate opportunity to increase rental income
CURRENT RENTAL INCOME: R11,500 PER MONTH
Once the two vacant cottages are rented, the existing accommodation could potentially generate R16,500 per month, before any further development.
DEVELOPMENT POTENTIAL
The 700m² stand provides substantial room for additional development.
The property already has a foundation in place for a proposed double-storey development, consisting of:
GROUND FLOOR
5 large bachelor rooms
UPSTAIRS
5 additional large bachelor rooms
This represents a proposed 10 additional bachelor rooms.
The owner is willing to share the existing development plans with interested buyers to provide an indication of the intended layout and development concept.
Important: The plans have not been submitted or approved. They are the owner's proposed plans and would need to be reviewed and submitted for the necessary approvals by the new owner.
PRIME KAALFONTEIN POSITION
The property is ideally positioned directly opposite Kaalfontein Corner, providing convenient access to local amenities and transport routes.
The prominent location, combined with the large 700m² stand, existing rental accommodation and proposed development concept, makes this a property worth viewing for investors looking at long-term rental opportunities.
CURRENT RENTAL INCOME: R11,500 PER MONTH
POTENTIAL EXISTING INCOME: R16,500 PER MONTH
PLUS POTENTIAL FUTURE INCOME FROM THE PROPOSED 10 BACHELOR ROOMS
700m² OF LAND. EXISTING RENTAL INCOME. FOUNDATION ALREADY IN PLACE. DIRECTLY OPPOSITE KAALFONTEIN CORNER. PROPOSED 10-ROOM DEVELOPMENT CONCEPT.
Contact us today to arrange a viewing and discuss the property's development potential.
A LARGE PROPERTY WITH EXISTING RENTAL INCOME AND SIGNIFICANT DEVELOPMENT POTENTIAL!
Positioned directly opposite Kaalfontein Corner, this spacious 700m² stand presents an exciting opportunity for an investor looking to generate rental income while unlocking the property's substantial development potential.
700m² STAND – SPACE TO GROW
One of the property's biggest advantages is its generous 700m² stand, offering valuable space for further development and expansion.
The property already has existing rental accommodation in place, together with a foundation for a proposed double-storey development.
EXISTING RENTAL INCOME
The property currently consists of:
2-bedroom, 1-bathroom main house – fully rented at R6,500 per month
4 cottages in total
2 cottages occupied – generating R2,500 each per month
2 cottages currently vacant – offering an immediate opportunity to increase rental income
CURRENT RENTAL INCOME: R11,500 PER MONTH
Once the two vacant cottages are rented, the existing accommodation could potentially generate R16,500 per month, before any further development.
DEVELOPMENT POTENTIAL
The 700m² stand provides substantial room for additional development.
The property already has a foundation in place for a proposed double-storey development, consisting of:
GROUND FLOOR
5 large bachelor rooms
UPSTAIRS
5 additional large bachelor rooms
This represents a proposed 10 additional bachelor rooms.
The owner is willing to share the existing development plans with interested buyers to provide an indication of the intended layout and development concept.
Important: The plans have not been submitted or approved. They are the owner's proposed plans and would need to be reviewed and submitted for the necessary approvals by the new owner.
PRIME KAALFONTEIN POSITION
The property is ideally positioned directly opposite Kaalfontein Corner, providing convenient access to local amenities and transport routes.
The prominent location, combined with the large 700m² stand, existing rental accommodation and proposed development concept, makes this a property worth viewing for investors looking at long-term rental opportunities.
CURRENT RENTAL INCOME: R11,500 PER MONTH
POTENTIAL EXISTING INCOME: R16,500 PER MONTH
PLUS POTENTIAL FUTURE INCOME FROM THE PROPOSED 10 BACHELOR ROOMS
700m² OF LAND. EXISTING RENTAL INCOME. FOUNDATION ALREADY IN PLACE. DIRECTLY OPPOSITE KAALFONTEIN CORNER. PROPOSED 10-ROOM DEVELOPMENT CONCEPT.
Contact us today to arrange a viewing and discuss the property's development potential.
Monthly Rates
R528
Features
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Exterior
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Listing Info
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Tshepo Mabetoa
Qualified Property Practitioner
Kaalfontein, Midrand
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Finance
Total Amount Repayable
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Monthly Repayment
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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.
