$3,433,418

Investment Opportunity: 66 Brand New Developed Units For Sale

  • 132 Beds
  • 66 Baths
  • Updated: July 27
  • 12
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About the Property

Prime 66-Unit Residential Investment Opportunity

Total Selling Price: R55 000 000

This is a rare opportunity to acquire a full residential rental development in one transaction, offering scale, immediate rental income, and strong long-term growth potential.

The property consists of 66 rental units, each currently projected at a rental income of R6 750 per month. This giv
Prime 66-Unit Residential Investment Opportunity

Total Selling Price: R55 000 000

This is a rare opportunity to acquire a full residential rental development in one transaction, offering scale, immediate rental income, and strong long-term growth potential.

The property consists of 66 rental units, each currently projected at a rental income of R6 750 per month. This gives the development a projected gross monthly rental income of R445 500, or R5 346 000 per year.

For an investor looking at long-term residential income, this property offers a solid foundation with room for rental growth, improved returns, and capital appreciation over the full bond period.

Investment Summary

Total selling price: R55 000 000

Number of rental units: 66

Projected rental per unit: R6 750 per month

Projected monthly rental income: R445 500

Projected annual rental income: R5 346 000

Financing Assumption

Bond term: 20 years

Interest rate: 10 percent per annum

Estimated monthly bond repayment: Approximately R530 094

Gross monthly rental income: R445 500

This investment offers a strong upside through rental escalation, tenant demand, and long-term capital growth.

If rentals increase by approximately 8 percent, the projected gross monthly rental income could increase to around R481 140 in the following year. Further annual escalations can continue improving the monthly position over time.

The current rental level of R6 750 per unit also gives room to review market-related rental growth, depending on demand, tenant profile, and the final letting strategy.

Key Investment Highlights

• 66 residential rental units in one transaction

• Projected gross monthly rental income of R445 500

• Projected gross annual rental income of R5 346 000

• Immediate income-producing asset

• Strong rental escalation potential

• Opportunity to improve cash flow over time

• Long-term capital appreciation potential

• Practical inflation hedge through rental growth

• Scalable residential investment portfolio

• Potential tax efficiency, subject to accountant confirmation

This development is well suited to an investor who wants to secure a sizeable residential rental portfolio without having to build it unit by unit.

The strength of this opportunity lies in the scale of the asset. With 66 rental units, the income base is already established, and future rental increases can have a meaningful impact on the overall return.

Residential rental demand remains one of the most practical and consistent areas of the property market. Well-priced units continue to attract tenant interest, especially where affordability, location, and convenience are aligned.

Over a 20-year period, the property offers the investor the opportunity to benefit from rental growth, bond reduction, and capital appreciation. As the bond balance reduces and rentals increase, the long-term investment position can strengthen substantially.

Tax Considerations

The following costs may be tax-deductible, subject to confirmation by the purchaser’s accountant or tax practitioner:

• Bond interest

• Ryx management fees

• Maintenance costs

• Other qualifying property-related expenses

These deductions may assist in improving the overall after-tax position of the investment.

This is not just a property purchase. It is an opportunity to acquire a complete residential rental portfolio with immediate income, long-term rental growth potential, and future capital upside.

Full investment discussion and viewing by appointment only.
  • Property type

    Apartment

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Gauteng, Johannesburg, Colleen Street, 4, West Turffontein, South Africa View on Google Maps
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Ryx Renting

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Ryx Renting
South Africa
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2
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2024
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Ryx Renting
South Africa
View agency profile
Last updated
July 27
First listed
Sep 10, 2024
Listing reference
RL416
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