House 2911-ref-171 for Sale in Lenasia South, Johannesburg

AgencyRef: 2911-ref-171 Prime Development Opportunity â R1 050 000 This property presents a rare opportunity for serious investors seeking a ready-to-develop income-producing asset. A fully compliant (RES 3) and development-ready investment site is located in the established Lenasia South node. The property is supported by a completed uMaStandi/TUHF feasibility study for additional 10 bachelor units, with rezoning approved. Only bulk services remain outstanding, making this an ideal turnkey opportunity for affordable multi-let housing development. PROPERTY DETAILS ⢠Address: Cosmos Road, Lenasia South, Johannesburg ⢠Flat, easily developable stand ⢠Suitable for medium-density rental housing ⢠Zoned and approved for multi-residential development DEVELOPMENT FEASIBILITY HIGHLIGHTS - Current rental - income (R 8400) - Potential for additional ±10 rental units - Projected Gross Monthly Income: R37 765 (once the development is completed including existing units) INVESTMENT STRENGTHS ⢠Rezoning completed (only bulk services remain to be paid) ⢠uMaStandi feasibility completed (financially viable project) ⢠High rental demand area ⢠Close to public transport, schools, clinics, and shopping amenities ⢠Ideal for multi-let development models Agency reference number: 2911-171