Web Ref No RL37516

Investor's dream! Don't miss this rare opportunity! Secure an 8-unit income-generating jewel in sought-after Joostenbergvlakte.
Current income R75,000+ escalating to R1.5M+ annually.
Equestrian community, close to future Cape Winelands Airport.

Current Total Monthly Rental Income: R75,000+ (as per seller confirmation)
Current Annual Rental Income: R900,000+
Projected Annual Rental Income (Year 5): R1 190 000
Projected Annual Rental Income (Year 10): R1 525 600

Asking Price: R10,000,000


Imagine a property that not only delivers a healthy income stream from day one but also promises significant growth in the years to come. This exceptional 8-unit complex in the tranquil Joostenbergvlakte offers precisely that – a unique blend of immediate returns and long-term appreciation potential.

Picture a peaceful setting within a well-established equestrian community, where the pace of life is relaxed yet you're still conveniently connected to everything you need. This isn't merely a property; it's an investment in a desirable lifestyle, the kind that attracts and retains quality tenants. In today's market, that's a significant advantage.

Currently generating over R75,000 per month, this income stream is projected to grow substantially, reaching over R1.5 million annually within the next 10 years. That's a return on investment that demands attention. Savvy investors understand the power of compounding returns, and this property is positioned to deliver.

Beyond the impressive financial figures, this property boasts a prime location. Just a short drive from the N1, you're seamlessly connected to the vibrant city of Cape Town, the renowned wine regions of Stellenbosch and Paarl, and the bustling hub of Bellville. It's the perfect balance – the tranquility of countryside living combined with the accessibility of urban conveniences.

And the future looks even brighter. The planned Cape Winelands Airport, practically on your doorstep, is poised to be a major catalyst for growth in the area. Experts predict this development will not only boost economic activity but also significantly increase demand for rental properties, driving substantial property value appreciation. This is more than just a smart investment; it's a strategic move into a location on the rise.

Location & Distances:
N1 Highway: Minutes away
Cape Town: 33.6km
Stellenbosch: 20km
Paarl: 30km
Bellville: 12.7km
Cape Gate Mediclinic: 6.4km

Schools:
Monument Park High School: 3.9km
Fanie Theron Primary School: 4.3km
Curro Primary School: 9km
Curro Durbanville High School: 9.3km
Stellenberg High School: 9.6km

Main house:
3 large bedrooms
1 full bathroom with separate toilet with gas geyser
2 ensuite bathrooms with gas geysers
Three aircons
5 plate induction stovetop with electric oven
2 large living spaces
Large open-plan kitchen
25sqm stoep enclosed with frameless glass
Swimming pool
Large garden
Double garage with en suite bathroom

Flatlets:

4x open-plan flatlets with gas stoves and gas geysers, 2 of which have large enclosed garden areas.1 with aircon

1x Workers cottage with own garden area

3x open-plan ,two bedroom units with gas stove and gas geysers, all with enclosed garden areas and 1 of which has 2 aircons

4 nutec Wendy houses

4 chicken coops

2 pig enclosures

Undercover parking for 6 Vehicles

10 open air parking areas

3 working septic tanks

2 property entrances on tar roads, with Electric gates

80% of property under electric fencing

100% of property vibracrete fenced.

Large open area grass area between flatlets