🏘️ The Penuel Townhouse Complex – Prime Investment Property For Sale in Windhoek | N$28,750,000
Investor Alert! The Penuel Townhouse Complex, a fully operational and secure residential development with 23 townhouses, is now for sale in the highly sought-after Pionierspark Extension 1, Windhoek.
Strategically located near the University of Namibia (UNAM), this high-demand complex offers a stable tenant base, excellent rental returns, and strong long-term growth potential — making it a perfect addition to any investment portfolio.
📍 Property Overview:
Name: The Penuel – Townhouse Complex
Location: Henger Street 16–18, Pionierspark Ext. 1, Windhoek, Namibia
Erf Number: Erf 1919
Erf Size: 3,501 m2
Built Area: 1,380 m2
Total Units: 23
Price: N$28,750,000
Occupancy Status: Fully Occupied
Valuation: N$28,750,000
Security: Access-controlled, gated complex
💼 Why Invest in Penuel?
✅ High Occupancy Rates – Desirable location ensures consistent rental demand
✅ 7.7% Rental Growth (2023–2024) – Stable and increasing returns
✅ Low Maintenance Construction – Quality finishes and durable materials
✅ Excellent Location – Within walking distance to UNAM, shops, and public transport
✅ Diversified Income Stream – 23 separately metered and individually accessible units
🧱 Unit Features (All 23 Units):
🛏️ 2 Spacious Bedrooms
🛁 Full Bathroom (with Bath & Shower)
🍽️ Open-Plan Kitchen, Lounge & Dining Room
🌿 Private Courtyard with Built-in Braai
🚗 1 Covered Parking Bay per unit
Bonus:
🔐 Unit 1 includes a 30 m2 Garage with an automated door for added convenience and security.
🔧 Construction & Design:
Single-storey design for ease of access
Plastered & painted brick walls
IBR roofing
Aluminum windows and doors
Ceramic tile flooring throughout
Herculite ceilings
📈 Perfect for:
Property investment groups
Pension funds or trusts
Rental portfolio expansion
Developers seeking high-ROI assets
Long-term income-seeking buyers
📞 Serious investors, request the full rental income breakdown and projected ROI figures today.
Take advantage of this rare opportunity to own a fully-let townhouse complex in one of Windhoek’s most reliable residential rental zones.
