Prime Investment Property – High-Yield Multi-Unit Residential Asset

EXCLUSIVE SOLE MANDATE!!

An extraordinary multi-unit investment opportunity has become available in the popular residential node of Groeneweide Park, George. Offered at an asking price of R 3,499,000, this fully tenanted property delivers an outstanding initial gross rental yield of 11.66%. After factoring in fixed municipal property rates, sanitation, refuse, and basic water charges, the asset maintains an impressive net rental yield of 11.07%, making it a top-tier cash-flowing acquisition for high-yield property portfolios.

The property offers extensive accommodation comprising 7 bedrooms, 4 bathrooms, 4 separate kitchens, and 4 private lounges in total. It has been intelligently divided into 4 fully self-contained, turnkey apartments, featuring three spacious 2-bedroom flats and one comfortable 1-bedroom flat. Every individual residence is equipped with its own dedicated lounge area and private kitchen, ensuring maximum tenant comfort, privacy, and long-term occupancy stability.

From an operational standpoint, this asset is structured to maximize owner returns while keeping overheads to a minimum. All active tenant leases include built-in annual escalation clauses between 8.0% and 10.0%, guaranteeing compound income growth that beats inflation. Furthermore, the units utilize prepaid electricity, prepaid water, and gas setups, effectively shifting primary consumption costs directly to the occupants. The complex is professionally managed with clear house rules, non-smoking policies, and security deposits securely in place.

Ideally situated in Groeneweide Park, the location provides residents with quick access to major transport corridors, shopping centers, medical facilities, and reputable local schools such as Laerskool George-Suid and York High School. Whether you are looking to expand an existing rental portfolio or secure a high-performing turnkey property with reliable cash flow and strong capital appreciation potential in the Western Cape, this multi-residential asset represents an unmissable investment opportunity.

While every care has been taken in the preparation of this property listing, neither the seller nor the property practitioner can accept liability for any error and/or omission.