Small Holding for sale in Schaapkraal, Philippi, Cape Town, 4032 m²

Schaapkraal, Philippi, Cape Town, Western Cape

Small Holding

ZAR 6,100,000

• 18 bedrooms
• 10 bathrooms
• 4,032 sqm
• 4,032 m² plot

Acquire nine tenanted two-bedroom homes in a single purchase in Schaapkraal, Cape Town. Set on a 4 000 m² erf, this residential investment property offers an established rental income stream, with tenants already in place across all nine units. Each home provides approximately 67 m² of living space and has its own private, enclosed backyard. The self-contained units each feature two bedrooms, an open-plan lounge and kitchen with fitted cupboards, and a bathroom. The enclosed backyards give residents their own outdoor space, while a covered walkway runs along the front entrances. On-site parking and automated access make it convenient for tenants to come and go. Comparable advertised two-bedroom rentals support an estimated market rent of approximately R8 500 per unit per month. The current rental schedule is available on request so buyers can assess the existing leases and rental income alongside the market estimate. The generous erf is another draw for buyers with a longer-term plan. Investors can assess the nine existing rental homes on their current income and explore whether the site could accommodate future expansion, subject to the necessary approvals. Contact Amien Isaacs t…