Exceptional Income-Generating Property
A rare and versatile investment opportunity offering multiple income streams, strong historical returns, and excellent flexibility for both investors and owner-occupiers.
Key Highlights:
Current Rental Income:
- Long-term rentals generate approximately N$20,000 per month (N$240,000 per annum), with additional income potential from the main house, which can be owner-occupied or rented.
Multiple Units:
- Comprising a main house, guest accommodation, and four apartments, the property allows for a balanced mix of short-term and long-term rentals.
Erf Size:
- Situated on a 620 m2 erf, offering generous space with potential to further optimise or enhance the existing layout (subject to approvals).
Registered in a CC:
- Provides asset protection, potential tax efficiencies, and a smooth ownership transfer.
Main House – 280 m2
- Spacious open-plan kitchen, lounge, and dining area
- Study, ideal for home office use
- Three en-suite bedrooms, plus a walk-in closet previously used as an additional bedroom
- Four bathrooms
- Indoor BBQ, guest WC, and tandem garage
- Guest Accommodation & Apartments
Cottage (46 m2):
- A charming, romantic unit featuring a fireplace, private garden, kitchenette, and en-suite bedroom — ideal as a premium rental.
Three Apartments (35 m2 each):
- Modern, fully equipped units with kitchenettes, en-suite bathrooms, and views of the Namib Dunes.
Additional Features:
- Outdoor BBQ area
- Single garage
- Secure parking for five vehicles
- Laundry room (28 m2)
Financial Performance (Pre-COVID – Short-Term Rentals)
- Annual Turnover: ± N$336,000
- Annual Profit: ± N$210,696
These figures highlight the property’s excellent income potential, with scope for strong performance as the short-term rental market continues to recover.
Rates & Taxes
- Approximately N$1,470 per month, notably low for a property of this scale and income-generating capacity.
Summary
- An ideal acquisition for investors seeking a well-maintained, high-yield property with multiple revenue streams and long-term growth potential.
