House for sale in Korsten

Positioned on one of Korsten`s busy commercial roads, Highfield Road, this substantial mixed-use property presents an outstanding opportunity for investors seeking immediate rental income with future redevelopment and value-add potential. The ground floor is occupied by a long-standing convenience store tenant, providing an established income stream from day one. Residential tenants currently occupy the first floor which offers generous accommodation comprising : 3 Spacious Bedrooms with balcony access Large Lounge Kitchen and Bathroom The upstairs residence showcases the charm of a solid older building, featuring high ceilings, beautiful original wooden floors and exceptionally spacious rooms throughout. Large windows leading to the balcony allow plenty of natural light, enhancing the sense of space. The kitchen is neat and functional, fitted with built-in cupboards, tiled flooring, ample workspace and room for appliances, providing everything needed for comfortable day-to-day living. The bathroom has been modernised, while retaining the property`s character with its high ceilings and excellent natural light. The backyard measuring 265 square metres includes older outbuildings and additional structures, presenting an excellent opportunity for further development, additional rental units, storage facilities or business expansion (subject to municipal approvals). Property Highlights: 497m² Erf with sizeable backyard. Approximately 304m² Double-Storey Building Existing Retail Tenant on ground floor Existing Residential tenant Upstairs in 3-bedroom space Excellent Main Road Exposure Redevelopment Opportunity (Subject to Municipal Approval) Strong Rental Demand Area An Opportunity Not to Be Missed Whether you`re looking to expand your investment portfolio on ground floor or maximise rental returns through refurbishment, this versatile property offers the location, size and income-producing opportunity. Some photographs have been digitally enhanced using AI-assisted editing to improve brightness, sharpness and overall presentation, and to remove temporary clutter or personal belongings. The property`s structural features, layout, room sizes and permanent fixtures have not been altered. Images are intended to provide a fair representation of the property, and prospective purchasers are encouraged to view the property in person. Contact me today to arrange your viewing and explore the full investment potential of this Highfield Road property.