34 Bedroom House For Sale in Johannesburg

Property description

A rare high-yield investment opportunity offering 34 tenanted rooms across 4 separate buildings situated on 4 notarially tied stands measuring 1,980m² in total (495m² x 4) with ±1,800m² of total building size.

Currently generating approximately R54,000 per month in rental income, this well-located property is ideal for an investor seeking immediate cash flow with excellent value-add potential. The property is fully occupied on a sub-let basis, close to public transport and shops, making it highly desirable for tenants.

Perfectly suited for rental income, student accommodation, staff housing, or a value-add redevelopment project.

This is a solid, income-producing asset in a high-demand rental area - not a new build, not derelict - just an honest, functioning investment ready for a savvy buyer to take over and optimize.

Financial Overview:

- Monthly Rental Income: ± R54,000 (34 rooms)
- Rates (Excl. water & lights): ± R4,000 per month
- Electricity: Pay-as-you-go meters installed for all rooms (landlord only pays for common areas)
- Council Services: All paid up to date
- Key Features:
- 4 Stands - Notarially Tied (1,980m² total)
- 1,800m² Total Building Size
- 34 Rooms
- 4 Independent Buildings housing 34 rooms
- Strong Monthly Gross Income of approx R54,000
- Prepaid Electricity Meters for all rooms - reduced landlord risk
- Low Holding Cost - Rates only ± R4,000 (excl. water & lights)
- Municipal Accounts Up To Date
- Close to Transport & Shops - high rental demand
- Secure: Fully walled with gated entrance
- Concrete Paved Courtyards and walkways between buildings

Versatile Use: Rental Income | Student Accommodation | Staff Housing | Value-Add Redevelopment