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Description

A rare and highly lucrative investment opportunity awaits in the heart of Cullinan!  This fully registered Close Corporation (CC) offers full ownership of multiple accommodation units, along with six additional garages that may be rented out for storage or supplementary income.

Key Features:

–  Prime Location:  Situated in a secure sectional title complex within walking distance to all major amenities in Cullinan.

–  Registered in a CC:  100% sale and transfer of shares – ideal for investors looking for a hassle-free transaction.

– Lucrative Passive Income:  High rental demand, perfectly suited for retirees or investors seeking stable income streams.

Accommodation Breakdown:

– Unit 1 – 65m2: 1 Bedroom, 1 Bathroom, Open-plan kitchen and living area, Private back courtyard.

Unit 2 – 65m2:  1 Bedroom, 1 Bathroom, Open-plan kitchen and living area, Private back courtyard.

Unit 3 – 48m2:  1 Bedroom, 1 Bathroom, Open-plan kitchen and living area, Private back courtyard.

Unit 4 – 65m2:  1 Bedroom, 1 Bathroom, Open-plan kitchen and living area, Private back courtyard.

Unit 7 – 58m2:  1 bedroom, 1 bathroom, Open-plan kitchen and living area, Private back courtyard

Unit 9 – 121m2:  2 spacious bedrooms, 2 bathrooms, open plan Kitchen and living spaces, indoor pool area, private yard and bird aviary.

3 of the Bachelor units have carports, 2 of the 6 garages is dedicated to 2 units.

Additional Features:

– Remote-controlled gate access for enhanced security.

– All units recently repainted and in immaculate condition.

– Six garages included – ideal for rental as storage units or additional tenant parking.

– All kitchens are fitted with solid oak wooden cupboards.

Financial Terms:

– 100% Share transfer in the CC

– Commercial loan or cash transaction applicable.

Whether you're expanding your property portfolio or seeking a reliable source of passive income, this opportunity ticks all the right boxes.

Rates and taxes includes water, refuge, sanitation and property rates and taxes.  All units are equipped with pre-paid electricity meters.

Serious investors only.  Contact us today for a private viewing and further financial details.

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Details

Updated on July 4, 2025 at 2:19 pm

  • Reference #: 1375669
  • Price: R3,900,000
  • Suburb / Town: Cullinan
  • Property Type: Apartment / Flat
  • Bedrooms: 7
  • Bathrooms: 7
  • Living Areas: 6
  • Garage: 6
  • Building Size: 0.0 ㎡
  • Stand Size: 2688.0 m²
  • Rates & Taxes: R 7733

Key Property Features

  • Fibre Internet
  • Retirement
  • Separate Flatlet

Additional Features

  • Carports:4
  • Garden:1
  • Bedroom Features:
  • Spacious bedrooms
  • Kitchen Features:
  • Solid Oak wooden cupboards
  • Garden Features:
  • Situated on a 2 688 m2 stand
  • Security Features:
  • Remote controlled gate access, alarm

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