INVESTORS DELIGHT IN PALMIET
Set in the suburb of Palmiet, this 5-bedroom property presents a rare, high-yield investment opportunity with multiple established income streams already in place. Ideal for seasoned investors or those looking to expand their portfolio, this property offers immediate returns with long-term growth potential. The main house has been renovated and boasts a spacious, well-designed layout. It features a fully fitted kitchen with ample cupboard space, a generous lounge, and a separate dining area, creating a comfortable and modern living environment. There are two well-appointed bathrooms and the main bedroom includes built-in cupboards. What truly sets this property apart is its impressive income-generating capacity. In addition to the main house, the property includes a large granny cottage offering 4 bedrooms and 2 bathrooms, a separate 2-bedroom flatlet, and a studio flatlet. Two units are currently tenanted and the third is in the process of being tenanted, ensuring immediate rental income from day one. Each unit is fitted with prepaid electricity and water, simplifying billing and maximizing landlord control over utilities. The expansive land offers excellent potential for further development or additional units (subject to municipal approval), making this an ideal opportunity for investors looking to increase their rental yield over time. Ample parking space for up to 5 vehicles adds further convenience for tenants. Strategically located close to schools, colleges, shops and with easy access to major transport routes, this property remains highly attractive to tenants—ensuring strong occupancy rates and consistent rental demand. The property’s generous layout and multiple dwellings make it ideally suited for conversion into a student housing hub as well. A solid, income-generating asset with multiple revenue streams, low management complexity and room for future expansion—this is the kind of investment that delivers both stability and growth.
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Disclaimer
While every effort will be made to ensure that the information contained within the Wakefields website is accurate and up to date, Wakefields makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
