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 1446m² erf and is well-positioned for both residential and 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 1446m² 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