Overview

Fully tenanted mixed-use investment property offering a strong net ROI of 13.5%

Located in Lenasia, delivering immediate income with significant upside potential

Comprises residential units and retail shops, all income-generating

Rare opportunity to acquire a scalable asset with both cash flow and growth

Ground Floor

3 fully let retail shops providing stable commercial income

Well-laid-out development with practical access and circulation

Secure and functional design supporting long-term tenancy

Upper Floor

13 completed and fully tenanted residential units

4 × 3-bedroom units

9 × 2-bedroom units

Consistent rental demand ensuring reliable monthly income

Outdoor & Entertaining

Well-maintained grounds across a generous 3,218 sqm erf

Practical outdoor spaces supporting residential and retail use

Secure perimeter fencing enclosing the property

Comfort, Parking & Staff

Borehole supplying water with no municipal water charges

Caretaker on-site ensuring day-to-day upkeep

Well-managed property requiring minimal immediate intervention

Security

Fully fenced perimeter offering controlled access and security

Established area with proven rental demand

Financing

Attractive investment with strong current yield and value-add opportunity

Ideal for investors seeking immediate returns with future income growth

Investment & Income Breakdown

Current gross monthly income: ±R63,000

Potential gross monthly income (with completion of 6 units): ±R93,000

Estimated additional rental income: ±R30,000 per month

Monthly expenses: ±R13,900
• Rates: R9,000
• Insurance: R1,900
• Caretaker: R3,000

Development Potential

6 additional residential units approximately 75% complete

Only tiling, painting, and final fixtures required

Estimated rental of ±R5,000 per unit once completed

Significant upside with minimal capital outlay

Property Details

Erf size: 3,218 sqm

Zoning: General Residential

Rates and taxes: R9,000

Street address: 52 Andes Street, Lenasia South

Disclaimer

While every effort has been made to ensure the accuracy of this listing, it is intended as a guide only. Interested buyers are encouraged to conduct their own inspection of the property prior to making any purchase decisions. We cannot be held liable for any inadvertent errors, omissions, or misrepresentations.