- 1
- 6
- 495.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 910.73
Monthly Levy: ZAR 0.00
Special Levies: ZAR 0.00
Property description
OPENING BID: R 1 700 000.00
Attention!! Serious investors and portfolio builders. This is a rare chance to acquire a high-density,
income-generating residential asset optimized for maximum net returns and minimal landlord headaches.
Situated across two adjacent properties, this portfolio consists of 12 total units designed to keep overhead
low and tenant utility management effortless.
Why This Asset Belongs in Your Portfolio:
• Smart Utility Infrastructure: Every single unit is equipped with individual Prepaid Electricity and
Prepaid Water meters. This completely mitigates the risk of tenant utility defaults and drastically simplifies
your monthly administration.
• Off-Grid Water Security: The property boasts a fully integrated borehole system connected to a
10,000L JoJo tank, which is completely piped to all units. This infrastructure significantly hedges against
municipal water disruptions and keeps operational costs predictable.
• Low-Maintenance Construction: The buildings feature 75% facebrick exteriors, drastically reducing
long-term maintenance, painting, and upkeep costs.
• Dedicated Parking: 12 secure parking bays on-site (allocated at 1 bay per unit).
Financial Breakdown & Income Optimization
This portfolio is already a proven earner, with immediate upside potential waiting to be unlocked by the
successful bidder.
Portfolio Summary
• Current Total Net Income: R38,900 per month
• Projected Net Income (Fully Let): R42,000 per month
• Current Total Expenses: Only R6,050 per month (combined)
Property-by-Property Breakdown
Property 1
Consists of 5 spacious 2-bedroom units
• Current Gross Income: R18,000
• Fixed Expenses: R2,089.18 (Sewer: R802.40 | Refuse: R376.05 | Rates: R910.73)
• Current Net Income: R15,910.82
Property 2
Consists of 4 x 2-bedroom units and 2 x 3-bedroom units
• Current Gross Income: R27,000
• Expenses: R3,950 (Water: ~R3,700 | Prepaid Meter Fee: R250 | Sewer/Refuse/Rates combined
with No. 49)
• Current Net Income: R23,050
Properties with this level of utility control, robust infrastructure, and steady cash flow rarely hit the auction
block.
Property Details
- 1 Bedrooms
- 6 Bathrooms
- 10 Ensuite
- 6 Lounges
- 1 Dining Area
Property Features
- Balcony
- Patio
- Access Gate
- Kitchen
- Guest Toilet
- Paving
- Garden
- Family TV Room
| Bedrooms | 1 |
| Bathrooms | 6 |
| Erf Size | 495.0 m2 |
Contact the Agent
Disa Smuts
Full Status Property Practitioner