Projected Income-Producing Multi-Let Accommodation Portfolio with Value-Add Upside in Kempton Park

Gauteng , Johannesburg

R 7,600,000ZAR

R 87,426

ZAR

Stock: R 0

Assets: R 0

Summary

An asset disposal opportunity comprising 5A Willow Street and 7 Willow Street, positioned in a high-demand Kempton Park rental node. These two nearby properties are configured for room-by-room accommodation and are suited to student housing, staff accommodation, contractor housing or communal living. The portfolio offers a combination of existing income and vacancy upside. One property is currently vacant, while approximately 50% of the second property has been vacated, creating a strong opportunity for a buyer to reposition, re-tenant and improve returns through professional management, structured leasing and phased upgrades. PROPERTY DESCRIPTION – 5A & 7 WILLOW STREET 7 Willow Street, Kempton Park Well-located with easy access to main roads, public transport and surrounding amenities. The property comprises approximately 15 rooms with approximately 5.5 bathrooms/toilets. It is configured for room-by-room letting in an area that supports strong demand for affordable multi-tenant accommodation. Projected Gross Letting Income: R576,000 per annum 5A Willow Street, Kempton Park A nearby complementary asset in the same micro-location, comprising approximately 21 rooms with approximately 8 bathrooms/toilets. The property is also suited to high-occupancy multi-tenant accommodation and offers substantial letting potential once fully stabilised. Projected Gross Letting Income: R756,000 per annum Portfolio Synergy The close proximity of the two properties supports a more efficient operating model, allowing for standardised management, improved tenant controls, and shared oversight of maintenance, cleaning, security and leasing. This creates a practical platform for a buyer to unlock stronger occupancy levels and improve net returns over time. more