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Property
Description

Property Description

8 Fully Let sectional title apartments available for investors. Apartments can be bought individually or all together. An investment not to be missed!

Unit 1404

1.5 Bedrooms 

1 Bathroom 

Undercover locked parking

Rent: R6 095.00

Levies: R1 870.58

Rates: R27.12

Refuse: R154.10

Unit size: 69sqm

 

Unit 601

3 Bedrooms 

2 Bathrooms 

Undercover locked parking 

Storeroom 

Rent: R7 825.00

Levies: R2 551.96

Rates: R27.12

Refuse: R154.10

Unit size: 94sqm

 

Unit 602

1.5 Bedrooms 

1 Bathroom 

Rent: R5 750.00

Levies: R1 870.58

Rates: R27.12

Refuse: R154.10

Unit size: 69sqm

 

Unit 706

1.5 Bedrooms 

1 Bathroom 

Undercover locked parking 

Rent: R5 500.00

Levies: R1 870.58

Rates: R27.12

Refuse: R154.10

Unit size: 69sqm

 

Unit 903

1.5 Bedrooms 

1 Bathroom 

Undercover locked parking 

Rent: R5 950.00

Levies: R1 870.58

Rates: R27.12

Refuse: R154.10

Unit size: 69sqm

 

Unit 605

1.5 Bedrooms 

1 Bathroom 

Undercover locked parking 

Rent: R6 000.00

Levies: R1 870.58

Rates: R27.12

Refuse: R154.10

Unit size: 69sqm

 

Unit G4

1.5 Bedrooms 

1 Bathroom 

Rent: R5 350.00

Levies: R1 870.58

Rates: R27.12

Refuse: R154.10

Unit size: 69sqm

 

Unit 1202

1.5 Bedrooms 

1 Bathroom 

Undercover locked parking 

Rent: R5 500.00

Levies: R1 870.58

Rates: R27.12

Refuse: R154.10

Unit size: 69sqm

 

All these units have prepaid electricity and are in a very secure complex. 

The monthly summary is:

Monthly income: R47 970.00

Monthly expenses: R17 095.78

Net Monthly income: R30 874.22

NAI: R370 490.64

 

Situated on all main transport routes and surrounded by all amenities including restaurants, fast-food outlets, and shopping centers.

Area Description

Randburg, located Northwest of Johannesburg, an area comprising of commercial, retail, industrial, and residential property. Randburg lays claim to established commercial property such as office towers, office blocks, and office parks. Retail property in Randburg is excellent boasting regional retail centre such as Cresta Shopping Centre and numerous other retail centres accommodating all shopping needs. Industrial property in Randburg is made up of industrial parks containing light industrial warehouses and factories. Randburg offers a variety of residential property options such as houses, townhouses, apartments, and cluster homes. The area provides property solutions for investors, owner-occupiers, and tenants offering large amounts of property to let in Randburg and plenty of property for sale in Randburg. A multitude of road networks contributes to the success of Randburg, ensuring accessibility into Randburg using the N1 (Western Bypass), William Nicol Drive, Bram Fischer Drive, and Jan Smuts Avenue. Many arterial routes such as Beyers Naude Drive, Barry Hertzog Avenue, Republic Road, and Malibongwe Drive run through the heart of Randburg near the Randburg CBD, allowing convenient inner-city commuting. Another contributing factor to the success of Randburg is the closeness to all local amenities and neighbouring areas. Randburg’s proximate distance to major shopping centres, hospitals, leisure, and recreational venues ensures convenience when running errands or when deciding to enjoy life’s pleasures. 

Amenities

Cresta Shopping Centre

Brightwater Commons

Northgate Shopping Centre

The Dome

PROPERTY TYPE:
Residential

PROPERTY ADDRESS:
Rand President , 340 Pretoria Ave , Ferndale - Property Ref: F107040, Johannesburg , Gauteng

AUCTION ADDRESS:
ONLINE ONLY

AUCTION DATE:
2021-08-05

AUCTION START TIME:
14:00

Gary Brower
Residential & Commercial Property Specialist

M: 082 352 5552

T: 011 268 2681

E: garyb@auctioninc.co.za

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