House for sale
Passive income living in central Germiston beside St Catherine's School — six permanently tenanted units generating R32,000+ monthly, borehole and solar-ready roofs; 11 beds, 6 baths, six covered parking
Calling all bond free *Investors*. Those buyers that have money without the need of a full bond. Otherwise, you are just a buyer than needs to wait 15 years before you slowly turn into an investor as your property starts maturing and you near the end of your bond cycle. This is for the investor! That person that can look at the current offering, weigh the existing income up against the future value of the completed project. Does that sound like you, then please keep reading.
This centrally located property right next to St. Catherin school in Germiston offer the investor an income of around R32000+ per month suitable derived from the 6x permanently tenanted rental units on the property. Rentals are currently being collected by Harcourts Rentals and have a long relationship with the current owner.
These 6 units comprises a single 3-bedroom unit, 3 x 2-bedrooms units and 2x 1-bedroom units that each already have prepaid electricity. The main municipal feeder is 3-phase and the property has a borehole on site.
Potential developers will also find large roofing areas to install solar to reduce their municipal spend even further.
We encourage other agencies to work alongside Harcourts on this property, however, we need to highlight that the commission split would only be 30/70 to the other agencies with 70% going to Harcourts.
Listed for sale at R3,599,000
Compared with 34 active listings in Germiston.
Insight
Priced 95% above the local median — and above the typical range for Germiston.
The premium partly reflects the larger floor size; buyers should still compare condition, position, views and finishes before deciding. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Key differences
Premium priced · based on 23 listings
Large at a premium · based on 23 listings
Market depth
34 listings
Similar homes town-wide
83 days
Median time on market
Medium inventory
Active across Germiston
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Parkhill Gardens is a well-established, tranquil residential suburb in Germiston that offers families and professionals a central location with easy access to major industrial hubs and essential urban amenities.
