Web Ref PR5296
R3,900,000
Monthly Bond Repayment R38,936.81
Calculated over 20 years at 10.5% with no deposit.
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Monthly Rates
R203.33
R203.33
Exceptional Investment Opportunity in Cullinan – Fully Registered CC, Multiple Income Streams
Exceptional Investment Opportunity in Cullinan – Fully Registered CC, Multiple Income Streams
Discover a rare investment gem located in the heart of Cullinan, presented as a fully registered Close Corporation offering complete ownership of multiple income-generating accommodation units. Nestled within a secure sectional title complex, this property boasts a prime location within easy walking distance to local amenities and is perfectly positioned for long-term, hassle-free investment.
Each unit—ranging from compact bachelor layouts to a generously sized two-bedroom unit with unique lifestyle features—has been recently refreshed with pristine paintwork throughout. The distinctive unit measuring 121 m² includes two spacious bedrooms, two bathrooms, open-plan living spaces, an indoor pool area, a private yard, and even a bird aviary, offering both character and comfort. The remaining bachelor-style units, each with their own courtyard, deliver efficient, attractive rental options. Solid oak cabinetry graces every kitchen, adding a touch of quality and sophistication.
Security and convenience are built in with remote-controlled gate access, while six garages offer versatile opportunities for rental income or tenant parking solutions. Three of the bachelor units already include carports, and two of the garages are directly allocated to specific units.
Financially, the opportunity is simple and straightforward: a 100 percent share transfer in the CC enables a seamless commercial or cash transaction. All financial outlays, including rates, taxes, water, sanitation, refuge, and prepaid electricity metering, are transparently covered—streamlining budgeting for any investor.
Whether you're looking to expand your property portfolio or establish a dependable passive income source, this property delivers both. Reach out today to schedule a private viewing and explore the full financial potential of this exceptional investment opportunity.
Extra features:
2 x 5 000L - JOJO water tank
1 x 10 000L - JOJO water tank
All the units are PrePaid electricity
Five Neat and Spacious Flats (±70 m² each)
All five units are well-maintained, comfortable, and thoughtfully laid out for convenient living.
Each flat features one bedroom and a semi open-plan lounge and kitchen setup.
Four of the units are fitted with a bathroom that includes a shower, toilet, and basin.
One flat comes with a bathroom that includes a bath, toilet, and basin.
Each unit has a generously sized veranda—offering the potential to enclose it and create a second bedroom.
All flats are paired with their own secure lock-up garage, housed in a separate block (total garage space ±130 m²).
An additional lock-up carport provides extra parking or storage options.
All five flats are currently tenanted, generating a steady rental income stream.
The main house is owner-occupied but could be rented out to further increase earnings if desired.
Additional Property Highlights:
Well-kept, established gardens add to the overall appeal and livability.
The property is fully fenced, providing peace of mind and a secure environment.
Only two other units in the complex are privately owned, ensuring privacy and exclusivity.
Affordable levies total just R7,733 for all units combined.
A conservancy tank is in place to collect rainwater, helping with water conservation.
Immediate rental income is possible once the Close Corporation (CC) is transferred—typically a quick, low-cost process.
Assistance with bond pre-qualification is available for serious buyers.
Discover a rare investment gem located in the heart of Cullinan, presented as a fully registered Close Corporation offering complete ownership of multiple income-generating accommodation units. Nestled within a secure sectional title complex, this property boasts a prime location within easy walking distance to local amenities and is perfectly positioned for long-term, hassle-free investment.
Each unit—ranging from compact bachelor layouts to a generously sized two-bedroom unit with unique lifestyle features—has been recently refreshed with pristine paintwork throughout. The distinctive unit measuring 121 m² includes two spacious bedrooms, two bathrooms, open-plan living spaces, an indoor pool area, a private yard, and even a bird aviary, offering both character and comfort. The remaining bachelor-style units, each with their own courtyard, deliver efficient, attractive rental options. Solid oak cabinetry graces every kitchen, adding a touch of quality and sophistication.
Security and convenience are built in with remote-controlled gate access, while six garages offer versatile opportunities for rental income or tenant parking solutions. Three of the bachelor units already include carports, and two of the garages are directly allocated to specific units.
Financially, the opportunity is simple and straightforward: a 100 percent share transfer in the CC enables a seamless commercial or cash transaction. All financial outlays, including rates, taxes, water, sanitation, refuge, and prepaid electricity metering, are transparently covered—streamlining budgeting for any investor.
Whether you're looking to expand your property portfolio or establish a dependable passive income source, this property delivers both. Reach out today to schedule a private viewing and explore the full financial potential of this exceptional investment opportunity.
Extra features:
2 x 5 000L - JOJO water tank
1 x 10 000L - JOJO water tank
All the units are PrePaid electricity
Five Neat and Spacious Flats (±70 m² each)
All five units are well-maintained, comfortable, and thoughtfully laid out for convenient living.
Each flat features one bedroom and a semi open-plan lounge and kitchen setup.
Four of the units are fitted with a bathroom that includes a shower, toilet, and basin.
One flat comes with a bathroom that includes a bath, toilet, and basin.
Each unit has a generously sized veranda—offering the potential to enclose it and create a second bedroom.
All flats are paired with their own secure lock-up garage, housed in a separate block (total garage space ±130 m²).
An additional lock-up carport provides extra parking or storage options.
All five flats are currently tenanted, generating a steady rental income stream.
The main house is owner-occupied but could be rented out to further increase earnings if desired.
Additional Property Highlights:
Well-kept, established gardens add to the overall appeal and livability.
The property is fully fenced, providing peace of mind and a secure environment.
Only two other units in the complex are privately owned, ensuring privacy and exclusivity.
Affordable levies total just R7,733 for all units combined.
A conservancy tank is in place to collect rainwater, helping with water conservation.
Immediate rental income is possible once the Close Corporation (CC) is transferred—typically a quick, low-cost process.
Assistance with bond pre-qualification is available for serious buyers.
Features
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
7
Kitchen
1
Reception Rooms
3
Study
1
Furnished
No
Exterior
Garages
6
Security
No
Parkings
3
Pool
Yes
Scenery/Views
Yes
Sizes
Floor Size
121m²
Land Size
2,688m²
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