Property
Description

Property Description

This unique investment opportunity comprises a block of 10 x 2-bedroom flats located on Erf 163, Neethling Street, Elandsheuvel. The units are spacious, with communal living and dining areas, ideally laid out for future conversion into a hospitality venture such as a guesthouse or lodge. The building sits on a 1446sqm erf and is well-positioned for both residential or short-term accommodation. Situated in a bustling area with high foot and vehicle traffic, the property benefits from proximity to public transport nodes, making it attractive to both tenants and guests. Its multi-unit layout, income-generating potential, and location give it strong upside for investors seeking value-add opportunities

Features

• 10 x 2-bedroom flats with shared dining/lounge spaces

• Ideal for conversion into a lodge or guesthouse

• Large 1446sqm erf providing ample space

• Located in a high-traffic area of Elandsheuvel

• Close to public transport nodes

• Strong rental demand in the area

• Solid brick construction with scope for refurbishment

• Potential for increased income through redevelopment

Area Description

Elandsheuvel is a high-demand urban node known for its mix of residential and commercial properties. Its strategic location and proximity to transportation and amenities make it a sought-after area for investors, owner-occupiers, and developers. The area presents excellent growth potential for residential or mixed-use developments.

Area Amenities

• Main Road – 300m

• Nearest Taxi Rank – 500m

• Highway Access – 2.5km

• Shopping Mall – 3.2km

• Local School – 1.1km

• Police Station – 1.6km

• Nearest Taxi Rank – 500m

• Highway Access – 2.5km

• Shopping Mall – 3.2km

• Local School – 1.1km

• Police Station – 1.6km