Lodge for sale
Enjoy unbeatable convenience near Paledi Mall in vibrant Mankweng; turnkey, fully tenanted property with 31 bachelor units and seven offices delivering immediate high cash flow.
Presenting a rare and exceptional investment opportunity in the heart of Mankweng, a fully tenanted, high-yielding commercial and residential income property strategically located on the same street as the well-known Paledi Mall, just less than 1km from this major retail hub.
This property is a turnkey investment with an outstanding track record of rental income, making it ideal for the serious cash buyer looking for immediate returns.
Property Highlights:
· 31 bachelor units, all fully tenanted
· 7 commercial office spaces, all fully tenanted
· Gross Monthly Income: R93,200
· Monthly Expenses: R16,000
· Net Monthly Income: R77,200
· Net Annual Income: R926,400
At a net monthly income of R77,200, the investor recoups the full purchase price of R3,950,000 in approximately 4 years and 3 months, an extraordinarily fast payback period by any real estate standard. After this period, the property generates pure profit, building lasting generational wealth.
To put this in perspective, the average buy-to-let property in South Africa typically takes 12 to 20 years to pay itself off. This investment does it in a fraction of that time.
Why This Investment Makes Sense:
With a gross yield of approximately 28.4% and a net yield of around 23.5% at the asking price, this property significantly outperforms typical market returns. The mixed-use nature of the property, combining residential bachelor units with commercial offices, provides income diversification and stability.
The prime location near Paledi Mall ensures consistent demand from both tenants seeking affordable accommodation close to amenities, and businesses looking for accessible office space in a high-footfall area.
Mankweng is a thriving, densely populated township in Limpopo with strong rental demand. Proximity to Paledi Mall, one of the area’s premier shopping destinations, means unmatched convenience for tenants and sustained occupancy for the investor.
CASH OFFERS ONLY; No bond finance will be considered.
Serious buyers are encouraged to act swiftly. Opportunities of this calibre, with full occupancy and immediate income, rarely come to market.
Contact me today to arrange a viewing.
Listed for sale at R3,950,000
Mankweng offers a vibrant retail and service-oriented commercial environment driven by its proximity to the University of Limpopo and heavy foot traffic.
