16 Bedroom House on auction in Glen Austin AH

Auction Details: Auction Date: Saturday, 30 May 2026 Auction Time: 12:30 PM Viewing: From 11:30 AM Opening Bid: R2 000 000 Estimated Market Value: R5 200 000 Situated safely away from the main road on a panhandle, this prime property offers: • 5 x 2-bedroom units • 3 x 1-bedroom units • 2 bachelor's cottages Each unit features: • Full bathroom, except one with a shower • Fully tiled • Renovated • Lovely, modern finishes • 2 of the units have fireplaces • The units are fenced off • Pre-paid electricity meters Extras: • There are 2 more incomplete units, built roof-height • Spring water borehole with solar-powered pump • Kennels rented out to a security company • 24/7caretakers • Doggie parlour • Gatehouse • Fully walled • 2 entrance gates • The area offers many different security companies, regularly patrolling Description: Privately positioned on a secure panhandle and safely set back from the main road, this versatile property presents an outstanding investment opportunity with multiple income-generating streams. The property comprises five spacious two-bedroom units, three one-bedroom units, and two bachelor cottages, all offering modern, renovated finishes and fully tiled interiors. Most units feature full bathrooms, with one unit fitted with a shower, while two of the residences enjoy the added charm of fireplaces. Each unit is separately fenced for enhanced privacy and convenience and is equipped with pre-paid electricity meters, making management both practical and efficient. Adding further value are two additional incomplete units already built to roof height, offering excellent expansion potential. The property also benefits from a spring water borehole with a solar-powered pump, contributing to sustainable and cost-effective operations. Additional income-producing and functional features include kennels currently rented to a security company, a doggie parlour, 24/7 caretakers, a gatehouse, and dual entrance gates. The entire property is fully walled, providing excellent security and peace of mind, while the surrounding area is well-supported by multiple security companies conducting regular patrols. This is a rare opportunity to acquire a well-maintained, high-yield property with significant future growth potential in a secure and accessible location.