Property
Description
Property Description
Boulogne Court is a double-storey, eight-unit block of flats comprising six two-bedroom and two one-bedroom apartments. The property is fully tenanted with leases in place across all units, currently generating a gross annual income of R 513 096.
The building is secured by a palisade fence and gate and offers a combination of on-site and on-street parking, with 2 open parking bays and 4 on-street bays. The facade is facebrick and the property is zoned Residential 4. All units are fitted with pre-paid electricity meters, which simplifies utility recoveries and reduces landlord exposure.
Boulogne Court has a gross lettable area of approximately 716 m² on a 495 m² stand. Its location, just off the busy Turf Club Street, provides convenient access to public transport, retail amenities and main arterial routes - factors that contribute to the property's consistent tenancy and low vacancy profile.
Features
Property Type: Block of Flats (income-producing residential investment)
Total Units: 8 (six 2-bedroom + two 1-bedroom apartments)
Storeys: 2 (double-storey)
Stand / ERF Size: 495 m²
Gross Lettable Area (GLA): 716 m²
Zoning: Residential 4
Parking: 2 open parking bays on-site + 4 on-street bays
Security: Palisade fence and gate, alarm/electric fence/CCTV
Staff Quarters: Yes
Lift / Elevator: N/A
Utilities: Pre-paid electricity meters installed at each unit
Facade: Facebrick
Occupancy: Fully tenanted, leases in place across all units
Monthly Gross Income: R 42 758
Monthly Operating Expenses: R 3 949
Monthly Net Operating Income (NOI): R 38 809
Annual Gross Income: R 513 096
Annual Operating Expenses: R 47 388
Annual Net Operating Income (NOI): R 465 708
Area Description
Kenilworth is a well-established residential suburb in Johannesburg South, situated south of the Johannesburg CBD and adjoining the suburbs of Turffontein, Rosettenville and Forest Hill. The area is characterised by a mix of older freestanding homes, sectional title developments and well-tenanted residential investment blocks, supporting a steady local rental market.
The property is positioned just off Turf Club Street, a busy arterial that links the suburb to the M1 motorway (south- and north-bound), the M2 motorway, the Crown Interchange and the broader Johannesburg road network. Public transport is readily available along Turf Club Street and the surrounding feeder roads, supporting tenant demand from a wide commuter base.
The Turffontein and Rosettenville node offers everyday retail, banking and medical conveniences, while larger shopping options at Mall @ The Junction (Rosettenville), Southgate Mall (Mondeor) and Gold Reef City are within a short drive. The Apartheid Museum, Gold Reef City Casino and the Turffontein Racecourse – directly across Turf Club Street – add lifestyle and tourist activity to the immediate area.
Area Amenities
Mall @ The Junction, Rosettenville - 0.6 km
Turffontein Racecourse - 0.7 km
Gold Reef City Casino & Theme Park - 3.6 km
Apartheid Museum, Ormonde - 4.1 km
Johannesburg CBD - 4.6 km