- 9
- 6
- 2 453 m2
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Property description
Prime Development Opportunity with immediate Income - Cambridge , East London.
An exceptional income generating property with approved development potential, perfectly suited for investors or developers looking to unlock long - term value.
The property currently consists of three fully tenanted 2 bedroom apartments, each offering :
. Spacious lounge areas
. Open -plan kitchens
. Well -sized bedrooms
. Stable rental demand
Current rental income : +- R19 000.00 per month
Providing immediate cash flow while development plans are pursued.
The Real Value : Rezoned Development potential
Set on a large erf that has already been rezoned for development, this property allows for the construction of up to 11 townhouses.
- Comparable townhouses of similar size and quality across the valley are selling for approximately R1.3 million each.
- Strong demand for sectional title and townhouse living in the area.
- Ideal opportunity for phased development while retaining rental income.
Why This Property Stands Out
- Immediate rental income
- Rezoned land - no speculation
- High resale values in surrounding developments
- Excellent location within Cambridge
- Rare opportunity to combine income + development upside.
Perfect for:
Developers, investors, or joint-venture buyers seeking a property with built-in holding income.
Property Details
- 9 Bedrooms
- 6 Bathrooms
- 4 Ensuite
- 5 Lounges
- 1 Dining Area
Property Features
- Roof
- Windows
- Floors
| Bedrooms | 9 |
| Bathrooms | 6 |
| Erf Size | 2 453 m2 |
