FEATURED
Web Ref RL2695
R2,995,000
444 Petrea Street, Lenasia South, Johannesburg
Monthly Bond Repayment R29,901.47
Calculated over 20 years at 10.5% with no deposit.
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Monthly Rates
R1,447
R1,447
Prime Investment Opportunity – Fully Let Block of Flats in Lenasia South Ext 1
An exceptional opportunity awaits investors in Lenasia South Ext 1.
This 690 m², well-maintained face-brick building comprises six modern 2-bedroom, 1-bathroom flatlets, each generating R5,500 per month — providing a total gross rental income of R33,000 monthly. All units are fully let with deposits and lease agreements in place, making this a turnkey, income-generating investment from day one.
Each unit features built-in cupboards, modern open-plan kitchens and lounges, and neatly tiled interiors throughout. With prepaid electricity meters in every flat, utility costs are easily managed. The property consists of three upstairs units and three downstairs units, offering secure on-site parking and dedicated washing lines for tenant convenience. Its low-maintenance face-brick construction ensures lasting durability and minimal upkeep — ideal for long-term investors.
The property is currently in the process of being zoned for multiple dwellings by the sellers and already has approved building plans in place, offering excellent future development potential and an opportunity to further increase rental yield and asset value.
Situated in a well-established area of Lenasia South, this property benefits from proximity to schools, shopping centres, transport routes, and essential amenities, ensuring consistent tenant demand. With rates and taxes approximately R1,500 per month, the property provides a strong balance of steady cash flow and low overheads, making it an attractive and sustainable investment.
Whether you’re expanding your portfolio or seeking a high-yield property with future growth prospects, this is an unmissable opportunity in one of Lenasia South’s most desirable investment zones.
Contact Divasha today to arrange a private viewing and secure this profitable, low-maintenance investment property.
This 690 m², well-maintained face-brick building comprises six modern 2-bedroom, 1-bathroom flatlets, each generating R5,500 per month — providing a total gross rental income of R33,000 monthly. All units are fully let with deposits and lease agreements in place, making this a turnkey, income-generating investment from day one.
Each unit features built-in cupboards, modern open-plan kitchens and lounges, and neatly tiled interiors throughout. With prepaid electricity meters in every flat, utility costs are easily managed. The property consists of three upstairs units and three downstairs units, offering secure on-site parking and dedicated washing lines for tenant convenience. Its low-maintenance face-brick construction ensures lasting durability and minimal upkeep — ideal for long-term investors.
The property is currently in the process of being zoned for multiple dwellings by the sellers and already has approved building plans in place, offering excellent future development potential and an opportunity to further increase rental yield and asset value.
Situated in a well-established area of Lenasia South, this property benefits from proximity to schools, shopping centres, transport routes, and essential amenities, ensuring consistent tenant demand. With rates and taxes approximately R1,500 per month, the property provides a strong balance of steady cash flow and low overheads, making it an attractive and sustainable investment.
Whether you’re expanding your portfolio or seeking a high-yield property with future growth prospects, this is an unmissable opportunity in one of Lenasia South’s most desirable investment zones.
Contact Divasha today to arrange a private viewing and secure this profitable, low-maintenance investment property.
Features
Pets Allowed
No
Interior
Bedrooms
12
Bathrooms
6
Kitchen
6
Reception Rooms
6
Furnished
No
Exterior
Security
Yes
Parkings
6
Pool
No
Scenery/Views
Yes
Sizes
Land Size
690m²
