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Property
Description

Property Description

20 Units Residential Building with great income generation potential. The property is located in a high-demand rental area of Bellevue East. With Potential Gross Rental Income ranging from R55 000.00 per month(. Water and Electricity are recoverable from the tenants. The seller currently installing security gates in all units to beef up security. The property offers 12 Bachelor apartments, 4 Rooftop single-room units, and 4 ground-floor single units.

The 12 Bachelor Apartments provide:

• Spacious living area

• Bedroom

• Kitchen

• Combined Shower and toilet

• Pre-Paid Electricity Meter

• Pre-Paid Water Meter

The Roof Top Single Units

• Single Living Room

• Shared Toilet and Shower

Ground Floor Single Units

• Single Living Room

• Shared Toilet and Shower

Both Roof and Ground single units have pre-paid meter for electricity. Water is billed into the rental charged by the landlord.

POTENTIAL GAI: R603 600.00

Features

28 Rentable Apartments

Located in a vibrant area of Bellevue East, Johannesburg

Zoned for Residential Usage

Great Income Generating Opportunity

Rental in the area ranges from R2500.00 to R3500.00 per unit

Area Description

Bellevue East it’s a vibrant area with high demand of rental apartments. Ideal investment area for investors to consider 

Area Amenities

Johannesburg Central

Maboneng Precinct

Yeoville Police Station

University of Johannesburg Doornfontein Campus

MTN Taxi Rank

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
130 Hunter Street , Bellevue - Property Ref: f108230, Johannesburg , Gauteng

AUCTION ADDRESS:
Masingita House , 41 West Street , Houghton Estate , Johannesburg , Gauteng

AUCTION DATE:
2024-07-24

AUCTION START TIME:
11:00

KEY FEATURES

ERF SIZE: 495m2 | GBA: 658m2


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