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M911 Glen Austin, 1 Allan Road, Glen Austin Ah, Midrand, Gauteng
R 5 185 000
7 Bedroom House for Sale Glen Austin Exceptional Investment Opportunity Multi-Income Property on 8,800 sqmThis property presents an investment opportunity of a lifetime, offering multiple income streams and strong potential for growth.Located conveniently close to the city and Grand Central Airport, this well-established property sits on 8,800 sqm of land and currently supports three successful income-producing businesses.Property Overview8 Cottages with a combined 12 BedroomsAdditional 2 partially completed units and 1 unit requiring repairs offering future rental expansionAll units equipped with individual prepaid electricity metersBorehole, ample parking, and staff accommodationExcellent access to major highways and Grand Central AirportIncome StreamsRental BusinessEight fully functional rental units generate steady monthly income sufficient to cover the bond. With completion of the remaining units, theres significant potential to further increase revenue.Dog Parlour & Kenneling BusinessA thriving informal business with a loyal and established client base, offering grooming and boarding services. This provides daily cash income and contributes to the property''s consistent revenue flow.Security Dog Kenneling ContractA third income stream comes from an ongoing agreement with a security company to board and care for their trained dogs on-site. This provides a stable, recurring income.Additional FeaturesReliable, well-trained staff manage property maintenance and operations.Secure, spacious grounds ideal for expansion or diversification.Located in a high-demand area with easy access to business hubs and transport links.This is a rare opportunity to acquire a property that not only sustains itself through multiple revenue channels but also holds potential for further development and profit growth. Show more Show less
Estimated monthly repayment
R 48 964
on a R 4 666 500 bond over 20 years at 11.25%
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M911 Glen Austin, 1 Allan Road, Glen Austin Ah, Midrand, Gauteng
Listed by
Jan Modise
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