8 Bedroom House For Sale in Forest Hill

EXCEPTIONAL INVESTMENT OPPORTUNITY | EIGHT COTTAGES GENERATING R32,000 MONTHLY INCOME

Why to Buy?

- Eight modern one-bedroom cottages
- R32,000 current monthly rental income
- R384,000 gross annual rental income
- 20% gross annual rental yield
- Average rental of R4,000 per unit per month
- Average water bill of approximately R1,200 per month
- Municipal rates of less than R1,000 per month
- No other regular property expenses reported by the seller
- Each unit has its own electricity meter
- Seven parking bays
- Tiled flooring
- Burglar bars and security gate
- Paved outdoor areas
- Solar panels for improved energy efficiency

An outstanding opportunity for savvy investors looking to secure a high-income-generating property with immediate rental income and excellent future potential.

This freestanding residential investment property in Forest Hill comprises eight modern one-bedroom cottages, all exceptionally neat, well maintained and in excellent condition. With no immediate renovation work required, this is an opportunity to invest in an established rental property without the added expense and inconvenience of extensive refurbishment.

Each cottage offers comfortable, independent living, featuring its own entrance, tiled floors, spacious rooms and a private kitchenette. Six units have their own bathrooms, while two units currently share a bathroom. There is sufficient space to add an additional bathroom to one of the units, offering further potential to enhance convenience and rental appeal, subject to the necessary approvals.

One of the key attractions of this investment is its favorable income-to-expense profile. With municipal rates below R1,000 per month and an average water bill of approximately R1,200, the reported regular property expenses are exceptionally low. Based on the current figures, the property generates R32,000 per month, or R384,000 annually, in gross rental income.

After deducting the estimated water bill and municipal rates, the indicative income remaining is approximately R29,800 to R29,900 per month, or R357,600 to R358,800 per year, before any unreported expenses, vacancies, maintenance, taxes, financing costs and other ownership costs. This represents an attractive opportunity for investors seeking a substantial rental income stream with the potential to improve returns through future rental adjustments.

Security and convenience are important features of this well-established property. The premises are very secure, with two separate entrances providing practical access. Each cottage has its own electricity meter, allowing for individual electricity usage management. The property is exceptionally well maintained, offering investors the benefit of acquiring an established investment without the immediate burden of major renovations.

While currently operating as a residential rental investment, the versatile multi-unit layout may offer potential for alternative uses, subject to zoning, municipal approvals and the relevant regulatory requirements. Possibilities could include student accommodation, staff accommodation, guest accommodation, a bed and breakfast, dual-living arrangements, educational facilities, medical-related accommodation or specialised care facilities.

With eight independent living spaces, established rental income and the potential to increase rentals over time, this property offers flexibility for investors looking to build or expand their property portfolios.

Eight cottages. R32,000 monthly income. A 20% gross rental yield. Low reported running costs. No immediate renovation work required. At an asking price of R1,920,000, this is an opportunity worth serious consideration for investors looking for an income-producing property in Johannesburg.

Contact me today to arrange your private viewing and discover the potential this exceptional investment property has to offer. Opportunities to acquire a multi-unit property with this level of gross rental income deserve your attention!

E & OE