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Property
Description

Property Description

Fully-let double-storey block of flats comprising 8 apartments + 1 self-contained cottage. All units are 8 x 1 bedroom sized. 5 x open parking bays are available. Pre-paid electricity. Water is metered & recoverable.  Marjorie Court currently generates a gross annual income of R379,500. The property is zoned Residential 4.

Features

Double-storey apartment block

Income-generating property with a great yield

Gross Annual Income of R379 500.00

Stand size: 495m²

GBA: ± 500m²

Pre-paid electricity, metered water

Palisade fencing + gate for security

A total of 9 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                   0.40km

SAPS Cleveland               0.15km

Shoprite Malvern              0.35km

Malvern Primary School   1.10km

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
Marjorie Court, 10 29th Street , Cleveland - Property Ref: f108388, 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: 495m2 | GBA: 500m2


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