High-Yield Investment Opportunity: Fully Tenanted Modern Triplex + Prime Expansion Plot

Description

*EXCLUSIVE SOLE MANDATE* Positioned close to everyday amenities and just moments from the beach, this versatile Residential-zoned property delivers immediate rental income alongside exceptional capital growth potential. Spanning a total footprint of 1,012 m², the erf offers a rare dual-value proposition: an active cash-flowing asset paired with an adjacent development plot. Turnkey Rental Portfolio (506 m² Plot) • Three Modern Duplexes: Identical double-story units featuring open-plan lounge and kitchen areas with generous built-in cabinetry. • Smart Layout: 2 bedrooms with built-in cupboards, a full main bathroom, and a second en-suite shower room off the primary bedroom—complemented by a dedicated walk-in closet space. • Individual Utilities: Prepaid water and electricity meters installed for every unit, making tenant management seamless. • Parking & Security: Fully secured complex with electric gate access. Includes a single garage and dedicated parking space per unit, plus 3 exterior visitor bays. • Immediate Cash Flow: All three units are tenanted with reliable occupants who wish to stay on (leases and yield details available upon request). • Value-Add Potential: Units are structurally sound with routine maintenance required (typical minor movement touch-ups and localized damp repair), offering an incoming owner an easy opportunity to build further equity through light aesthetic upgrades. Development Potential (506 m² Vacant Land) • Expansion Ready: The adjacent vacant 506 m² Residential-zoned plot provides a clear canvas to expand the complex. • Scalable Build: Unlocks the potential to mirror the existing style and build up to 4 additional units, significantly compounding your monthly yield. This asset is ideally suited for savvy investors looking to acquire stable income with clear upside potential. Contact me today to schedule a private viewing.