NEW
SOLE MANDATE
Web Ref RL4267
R2,950,000
31 Lekkerbreek Street, Phalaborwa, Phalaborwa
Monthly Bond Repayment R28,958.47
Calculated over 20 years at 10.25% with no deposit.
Change Assumptions
Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter
11-Bedroom Rental & Tourism Opportunity
Sole Mandate, Positioned with prime visibility on the R71, only 2.9km from the Kruger National Park, Phalaborwa Gate. this versatile property represents a rare "turn-key" investment.
Operating successfully as a high-occupancy residential rental since 2019, it offers immediate, proven cash flow with the significant potential to pivot into the lucrative Kruger tourism market.
Investment Highlights:
11 Income-Generating Suites.
All rooms feature private en-suite bathrooms and air conditioning.
This scale is a rarity in the local market, offering a robust and consistent monthly yield.
Prime Visibility & Location:
Situated on the main artery to the Kruger National Park, capturing both local long-term tenants and the flow of 1.8 million annual park visitors.
Turn-Key Revenue:
Successfully managed as a residential asset for 5+ years, providing a reliable entry point for buy-to-let investors.
The Tourism Pivot:
Unleash the Potential, while currently a residential powerhouse, the infrastructure is a "blank canvas" for a boutique guesthouse or safari lodge.
The Foundation:
Existing en-suite rooms and communal areas significantly reduce the capital required for a hospitality conversion.
Value-Add Opportunity:
Modernize and rebrand to capture the high-demand overnight market for travelers entering the Phalaborwa Gate.
Lifestyle Amenities:
Includes a large swimming pool, a thatched lapa with a built-in bar, JoJo backup water tanks, and secure electric gate access with ample parking.
Property Summary
Occupancy:
11 En-suite Air-conditioned Rooms
Distance to Kruger: 2.9km
Utilities: JoJo tanks for water security
Legal Notice:
This property is sold as a fixed asset and not as a "going concern." While the property has a proven history of income generation, all financial representations are provided by the seller. Prospective buyers are encouraged to conduct independent due diligence to verify all details to their satisfaction.
Operating successfully as a high-occupancy residential rental since 2019, it offers immediate, proven cash flow with the significant potential to pivot into the lucrative Kruger tourism market.
Investment Highlights:
11 Income-Generating Suites.
All rooms feature private en-suite bathrooms and air conditioning.
This scale is a rarity in the local market, offering a robust and consistent monthly yield.
Prime Visibility & Location:
Situated on the main artery to the Kruger National Park, capturing both local long-term tenants and the flow of 1.8 million annual park visitors.
Turn-Key Revenue:
Successfully managed as a residential asset for 5+ years, providing a reliable entry point for buy-to-let investors.
The Tourism Pivot:
Unleash the Potential, while currently a residential powerhouse, the infrastructure is a "blank canvas" for a boutique guesthouse or safari lodge.
The Foundation:
Existing en-suite rooms and communal areas significantly reduce the capital required for a hospitality conversion.
Value-Add Opportunity:
Modernize and rebrand to capture the high-demand overnight market for travelers entering the Phalaborwa Gate.
Lifestyle Amenities:
Includes a large swimming pool, a thatched lapa with a built-in bar, JoJo backup water tanks, and secure electric gate access with ample parking.
Property Summary
Occupancy:
11 En-suite Air-conditioned Rooms
Distance to Kruger: 2.9km
Utilities: JoJo tanks for water security
Legal Notice:
This property is sold as a fixed asset and not as a "going concern." While the property has a proven history of income generation, all financial representations are provided by the seller. Prospective buyers are encouraged to conduct independent due diligence to verify all details to their satisfaction.
Features
Pets Allowed
Yes
Interior
Bedrooms
11
Bathrooms
12
Kitchen
1
Study
1
Furnished
No
Exterior
Security
No
Parkings
15
Pool
Yes
Sizes
Land Size
1,620m²
Extras
Air Conditioner; Backup Water; Communal; Communal Braai Area; Curtain Rails; Office; Storeroom; pool; Tiled Floors; Visitors Parking; Laundry; 24 Hour Access; Partially Fenced; Water Tank
STREET MAP
STREET VIEW
