House 2483-ref-2989 for Sale in Menlo Park, Pretoria

AgencyRef: 2483-ref-2989 This exceptional property presents a rare investment opportunity in one of Pretoriaâs most sought-after areas. It currently generates a rental income of approximately R40,000 per month and comes with approved rezoning for 42 sectional title units, making it ideal for both investors and developers. Whether you are seeking immediate rental returns or a high-yield development project, this property offers outstanding potential. Key Features: Current Rental Income: ±R40,000 per month, ensuring immediate cash flow Rezoning Approved: Residential 4 zoning with approval for 42 sectional title units Land Size: 2,130 m² Development Potential: Suitable for high-density residential development, including apartments, townhouses, or flats Prime Location: Situated in a highly desirable area, close to major transport routes, shopping centres, and key amenities Infrastructure: Existing infrastructure in place, with scope for upgrades to support future development This is a prime opportunity for investors looking to capitalise on a well-located property. Approved Rezoning â Residential 4 Approved rights for 42 sectional title units Attractive Development Land Cost Approximately R226,000 per approved unit Immediate Rental Income ± R40,000 per month Large Development Stand 2,130 m² Existing 11-bedroom property generating income Prime Development Location Located on Atterbury Road, a major Pretoria route Agency reference number: 2483-2989