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Live or invest in central George with instant rental income and flexible redevelopment potential along a major transport corridor — tenants in place and scope for up to 18 apartment units.
This lucrative property in George, presents a rare investment opportunity in one of the area's most established and sought-after business corridors.
Positioned on a main public transport route and surrounded by commercial properties, it offers exceptional flexibility for residential development, business use, or a combination of both.
The property currently consists of a 2-bedroom house with office space and a bachelor flat with tenants in place, generating an estimated rental income of R25,000 to R28,000 per month.
For investors, this provides immediate income while future development plans are explored.What makes this property particularly attractive is its development potential.
An independent developer has indicated that up to 18 apartment units of approximately 58m2 each could potentially be built on the site, with ground-floor basement parking. The property may also be subdivided into two separate plots, creating further opportunities for residential development.
Business rights can be applied for through the municipality, adding another layer of value to an already versatile property. This is more than just a residential property—it's a strategic investment with multiple income and growth opportunities in a prime George location.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R4,000,000
Price increased by 7.4% to R4,298,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 207 listings in George (town)
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 8% above the median.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Key differences
Market depth
207 similar listings
High similar-home inventory town-wide (George)
Median time on market: 175 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
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George South is a well-established, family-friendly residential suburb known for its central location, quiet streets, and convenient access to the city's essential services and beautiful natural surroundings.
* Distances and amenities are approximate.
