Property
Description
Property Description
Set on a generous 3,775 m² erf, this freestanding modern home offers both immediate lifestyle appeal and exceptional long-term development potential.
Residence Features
- Modern, renovated home with high-quality finishes
- Elegant wooden flooring throughout
- Striking exposed trusses and a contemporary wood-burning fireplace
- Four spacious bedrooms (excluding domestic quarters)
- Expansive entertainment amenities including a large swimming pool and full-size tennis court
Current Tenancy
The property is tenanted on a month-to-month lease, providing holding income that covers property costs. Importantly, the current rental being charged is grossly below market-related levels, offering significant upside potential for investors or developers.
Development Potential
- Subdivision and rezoning approvals secured for 10 cluster units
- Purchaser only required to complete the bulk service contribution
- Rare opportunity to acquire a property with approvals already in place, minimizing risk and expediting development timelines
Additional Note
While the property’s strongest appeal lies in its approved cluster development potential, it also remains highly suitable as a private residence for those seeking a spacious, modern home with extensive lifestyle amenities.
Investment Highlights
- Prime location on Summit Road
- Strong lifestyle appeal with immediate rental income
- Current rental below market rates, creating upside opportunity
- Approved cluster development potential for significant value uplift
Features
Erf:3775m²
Existing 4 Bedroom Home
Current rental covers the land holding costs
Pool
Tennis Court
Recently renovated home
Area Description
Morningside is a highly sought-after residential and business suburb in Johannesburg, known for its proximity to the Sandton CBD and its premium lifestyle appeal. The suburb features a blend of luxury residential properties, corporate offices, and lifestyle amenities, attracting professionals and families alike. This strategic location offers strong demand for high-end residential developments, making The Inner Circle an excellent investment opportunity.
Area Amenitites
The Wedge Shopping Centre 850m
Redhill School 1,4km
Rivonia Road 1,9km
Benmore Shopping Centre 4,6km
M1 Highway (Marlboro Onramp) 6,1km