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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