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Property
Description

Property Description

SS WAKENSHAW is well located on 69 Lily Avenue, Berea, Johannesburg. Its proximity close to Houghton, Norwood, Rose Bank, Central Johannesburg put the property in a high demand vicinity. The scheme comprises of 16 sectional title units, with 13 currently being sold as a package from a single seller. The units are typically 2- and 3-bedroom flats ranging 83 m2 - 128 m2 under roof. Also included in the portfolio are 10 rooms averaging 8.6 m2.  Each unit has individual geyser. These are very neat, well-kept flats and they all have prepaid meters for electricity. Water is recovered R75.00 per person and refuse are included in the rent. The block also has a large basement parking garage with 13 bays allocated to this portfolio. Fully Let and with good collections, this is an excellent investment opportunity. 

Features

13 Sectional Title Units, Block comprises of 16 units in total

10 Rooms & 13 Parking Bays

Neat and well managed

Fully Let

Transfer Duty non-applicable due to the threshold

Excellent location

Gross Income            R 101.311.00 p.m.

Levies                         R 14.025.03 p.m.

Rates and Taxes       R 1.225.30 p.m

Net Income               R 86.060.07 p.m.

Area Description

Berea is a suburb of Johannesburg, in the South African province of Gauteng. It is east and adjacent to the Johannesburg CBD. It is in Region F of the City of Johannesburg Metropolitan Municipality.

Amenities

Engen Yeoville Motors 0,74 km

BP Saratoga 0,91 km

Engen Hillview Service Station 0,95 km

Gautrain Parking 4,17 km

Gautrain Johannesburg Station 1,67 km

Nelson Mandela Children's Hospital 1,91 km

Donald Gordon 1,71 km

Wits Donald Gordon Medical Centre 2,11 km

SAPS - Yeoville 2,16 km

Saps - Hillbrow 0,84 km

SAPS - Jeppe 1,14 km

Johannesburg Girls' Preparatory School 2,11 km

Nelson Mandela Children's Hospital 0,37 km

Sheikh Anta Diop Private Primary School 0,36 km

Faeriedale Shopping Centre 0,60 km

Highpoint Shopping Centre 0,97 km

Montana Piazza 1,44 km

University of Johannesburg - Doornfontein Campus 0,97 km

Uj-Dfc Admin Block 0,98 km

The University of the Witwatersrand - Medical School 1,14 km

 

Property Reference Number: F105834

Registration Details

Refundable Registration Deposit: R10 000

When your deposit reflects in our account, you will be approved to bid.

To view our registration and payment details, click here.

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
SS Wakenshaw (243/1996), 69 Lily Avenue , Berea - Property Ref: F105834, Johannesburg , Gauteng

AUCTION ADDRESS:
ONLINE ONLY

AUCTION DATE:
2020-07-15

AUCTION START TIME:
14:00

KEY FEATURES

ERF SIZE: 372m2 | GBA: 1499m2

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