House for sale in Potchefstroom

This exceptional 10-hectare development property presents a rare investment opportunity in one of Potchefstroom's most sought-after growth corridors. Perfectly positioned on Kanaal Road, just 3 km from the town centre, this fully rezoned and approved development site combines immediate rental income with outstanding long-term development potential.

The property already boasts an impressive, income-generating portfolio consisting of a main residence, a modern townhouse, and eight student flats, producing a combined rental income of over R52,000 per month. This allows investors to benefit from immediate cash flow while planning and executing future development.

Fully approved for development, the property offers the potential to establish approximately 46 residential homes together with business stands, making it an ideal investment for developers, property investors, and those seeking substantial capital appreciation.

The existing improvements further enhance the property's value. The spacious 3-bedroom main residence, complete with a separate flatlet, generates R12,000 per month in rental income. A well-designed 2-bedroom townhouse, featuring en-suite bathrooms in both bedrooms and a solar power system, produces R8,000 per month. The student accommodation, comprising 8 fully let flats, includes a swimming pool, laundry facilities, and shaded parking, generating an additional R32,000 per month.

The property is fully fenced and secured with automated entrance gates. Water supply is ensured by two fully equipped boreholes, while the established infrastructure significantly reduces future development costs.

Whether your vision is to expand the current rental portfolio, develop a prestigious residential estate, or unlock the commercial opportunities already approved for the site, this property offers unmatched versatility and exceptional investment potential.

Contact us today to arrange a private viewing!