- 6
- 4
- 2
- 1 645 m2
Monthly Costs
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Property description
Discover an exceptional investment opportunity in Corlett Drive in Bramley View, Sandton, offering strong and reliable returns from day one. With easy access to the Sandton CBD in a matter of minutes, while providing an affordable rental option for any potential tenant, many schools available and so much more in terms of amenities, you will never struggle with keeping the property fully occupied.
This fully tenanted, income-generating multi-let property is ideal for investors seeking immediate cash flow with room to further increase value. The property features a spacious three-bedroom unit with a large kitchen, generous lounge and full bathroom, currently generating R7,300 per month. In addition, there are three well-maintained one-bedroom units, each with its own lounge, kitchen and en-suite bathroom. These units earn R5,000 for the downstairs apartment, R5,300 for the upstairs unit with a private balcony, and R4,200 for the fourth unit, ensuring a healthy and diversified rental mix.
The property also includes a two-car garage offering excellent potential for conversion into an additional income-producing unit, along with a four-car carport providing ample secure parking for tenants. All units are fitted with prepaid electricity meters, allowing for straightforward utility management and consistent recovery of electricity usage, typically adding over R1,000 to the monthly income. Solar geysers further reduce operating costs and enhance overall tenant appeal. Set on a large stand with scope for future upgrades or development, this property currently brings in approximately R22,800+ per month, making it a rare opportunity in a high-demand rental area. Perfectly situated and well-structured for long-term investment success, this is a property that delivers both stability and growth potential.
Property Details
- 6 Bedrooms
- 4 Bathrooms
- 2 Garages
- 4 Lounges
- 1 Dining Area
Property Features
- Balcony
- Staff Quarters
- Laundry
- Pets Allowed
- Alarm
- Kitchen
- Built In Braai
- Entrance Hall
- Paving
- Garden
- Family TV Room
| Bedrooms | 6 |
| Bathrooms | 4 |
| Garages | 2 |
| Erf Size | 1 645 m2 |
Contact the Agent
Bulelani Mageza
Full Status Property Practitioner