Effortless income and location convenience near Promenade Mall and the N2 — 14-unit complex generating R62,000/month, featuring a central server room and three-phase power.
Exceptional Investment Property – High Monthly Rental Income of R62,000
This outstanding investment opportunity offers 12 bachelor/1-bedroom units and 2 spacious 2-bedroom houses, making it ideal for investors seeking strong and consistent rental income.
### Property Features
#### 12 Rental Units
Each unit consists of:
* 1 bedroom
* Bathroom/en-suite with shower, toilet, and basin
* Open-plan lounge and dining area
* Internet connection and TV aerial connection
* Access to a central server room connecting all internet and TV wiring
#### 2 x 2-Bedroom Houses
Each house offers:
* Main bedroom with tiled flooring
* Second bedroom with tiled flooring
* Shared bathroom with shower, toilet, and basin
* Open-plan lounge and dining area
* Fully fitted kitchen with built-in cupboards
### Additional Benefits
* Property will be fully cleaned before handover
* Outstanding construction work will be completed, including:
* Plumbing
* Electrical work
* Tiling
* Door installations
### Included Documentation
The new owner will receive:
* Approved building plans
* Slab engineering certificates
* Plumbing compliance certificate
* Building compliance certificate
* Electrical compliance certificate
### Utilities & Infrastructure
* Electricity upgraded to 3-phase power
### Prime Location
Conveniently located with easy access to the N2 and close to:
* Promenade Mall
* False Bay College
* Hospitals and clinics
* Petrol stations
* Schools
* Public transport routes
* Government services
### Excellent Rental Return
* 12 units × R4,000 per month = R48,000
* 2 houses × R7,000 per month = R14,000
### Total Monthly Rental Income: R62,000
Don’t miss this rare opportunity to own a high-income investment property in a rapidly growing and well-connected area.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R2,800,000
Ikwezi Park is a well-established residential neighborhood in Khayelitsha that offers a close-knit community atmosphere with convenient access to essential local services and major transport routes.
* Distances and amenities are approximate.