Property
Description
Property Description
Fully-let double-storey block of flats comprising 12 apartments + 1 back cottage. The unit breakdown is made up of 4 x 2 bedrooms, 4 x 1 bedroom, and 4 x bachelor. 5 x open parking bays are available. Pre-paid electricity. Water is metered & recoverable. Jeunesse Court currently generates a gross annual income of R600,000. The property is zoned Residential 4.
Features
Double-storey apartment block
Income-generating property with a great yield
Gross Annual Income of R600 000.00
Stand size: 990m² (2 x 495m²)
GBA: ± 800m²
Pre-paid electricity, metered water
Palisade fencing + gate for security
A total of 13 tenanted units
5 x Open parking bays
Primary school, clinic, police station, and shopping centre are all within walking distance
Area Description
The suburb of Cleveland is a small yet strategically located area within the bustling cityscape of Johannesburg. This suburb is characterized by its industrial warehouses, light manufacturing facilities, and various commercial enterprises. While Cleveland does not have a strong residential presence, its location close to neighbourhoods like Kensington, Bedfordview, and Malvern allows for easy access to schools, shopping centres, and other amenities. Nearby landmarks include the Cleveland Nature Reserve, a green space offering a touch of tranquility amid the industrial landscape, and the Jules Street business corridor, a bustling area with diverse retail and dining options.
Area Amenities
Malvern Clinic 0.45km
SAPS Cleveland 0.14km
Malvern Plaza Shopping Centre 0.35km
Malvern Primary School 1.10km
PROPERTY TYPE:
Commercial
PROPERTY ADDRESS:
Jeunesse Court , 6 & 8 29th Street, Cleveland - Property Ref: f108387, Johannesburg , Gauteng
AUCTION ADDRESS:
Masingita House , 41 West Street, Houghton Estate , Johannesburg , Gauteng
AUCTION DATE:
2025-02-20
AUCTION START TIME:
11:00
KEY FEATURES
ERF SIZE: 990m2 | GBA: 800m2
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