Prime Development Opportunity – R1 050 000
This property presents a rare opportunity for serious investors seeking a ready-to-develop income-producing asset. A fully compliant (RES 3) and development-ready investment site is located in the established Lenasia South node. The property is supported by a completed uMaStandi/TUHF feasibility study for additional 10 bachelor units, with rezoning approved. Only bulk services remain outstanding, making this an ideal turnkey opportunity for affordable multi-let housing development.
PROPERTY DETAILS
• Address: Cosmos Road, Lenasia South, Johannesburg
• Flat, easily developable stand
• Suitable for medium-density rental housing
• Zoned and approved for multi-residential development
DEVELOPMENT FEASIBILITY HIGHLIGHTS
- Current rental - income (R 8400)
- Potential for additional ±10 rental units
- Projected Gross Monthly Income: R37 765 (once the development is completed including existing units)
INVESTMENT STRENGTHS
• Rezoning completed (only bulk services remain to be paid)
• uMaStandi feasibility completed (financially viable project)
• High rental demand area
• Close to public transport, schools, clinics, and shopping amenities
• Ideal for multi-let development models
