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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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