Property description

Team HomeWorth - Re/Max Superior proudly present this exceptional multi-use investment property situated in the heart of Mayfair, directly opposite Nizamiye School Mayfair, offering excellent potential for investors, student accommodation, teacher accommodation, or long-term residential rentals.

This well-positioned building comprises 4 self-contained apartment units, making it an ideal income-generating property with strong rental demand due to its proximity to schools, places of worship, public transport, and essential amenities.

Property Features:

4 Apartment Units

• 2 Apartments on the Ground Floor
• 2 Apartments on the Upper Floor

Each Apartment Offers:

• 1 Spacious Bedroom
• 1 Bathroom
• Functional Kitchen
• Open-Plan Lounge and Dining Area
• Private Balcony
• Well-Proportioned Living Spaces

* Separate Utility Connections Potential

Parking:

• Secure parking available within the property on one side of the building
• Additional street parking available for residents and visitors

Residential 4 (R4) Zoning

This property benefits from Residential 4 (R4) zoning rights, allowing for higher-density residential use. The existing double-storey building comprises four self-contained apartment units, perfectly aligned with its zoning designation, making it an attractive and compliant investment opportunity for rental accommodation and multi-tenant occupancy. 

Ideal For:

• Property Investors seeking strong rental returns
• Student Accommodation
• Teacher Accommodation
• School Staff Housing
• Parents requiring accommodation close to their children's school
• Long-Term Residential Rentals
• Multi-Tenant Investment Portfolio

Prime Mayfair Location

Located in one of Johannesburg's most established suburbs, this property enjoys excellent accessibility and convenience.

Nearby Amenities Include:

• Nizamiye School Mayfair (directly opposite the property)
• Various Primary and Secondary Schools
• Mosques and Religious Facilities
• Shopping Centres and Retail Stores
• Medical Centres and Pharmacies
• Restaurants and Takeaways
• Public Transport Routes
• Easy Access to Main Roads and Highways
• Banks and Essential Services

The strategic location ensures a constant demand for rental accommodation from teachers, school staff, students, parents, and working professionals seeking convenience and accessibility.

Whether you are looking to expand your investment portfolio or secure a property with excellent income-generating potential, this multi-unit building presents an outstanding opportunity in a highly sought-after area.

Don't miss this rare investment opportunity in Mayfair.

contact Team HomeWorth - Re/Max Superior to book viewings