Kenilworth - f108861

Property
Description

Property Description

A fully-let block of 8 residential units on a 495 m² stand in Kenilworth, Johannesburg South, zoned Residential 4. The unit mix comprises four two-bedroom units and four one-and-a-half-bedroom units, with leases in place across the block. The property has recently been refurbished, with the units tiled throughout, and electricity is supplied on a pre-paid basis. Four parking bays serve the property. The seller records a gross annual income of R489 600.

Features

8 Fully-let units

Unit mix: 4 two-bedroom units and 4 one-and-a-half-bedroom units

Leases in place

Recently refurbished, units tiled

Pre-paid electricity

4 Open parking bays

Total number of units: 8

Stand / erf size: 495 m²

Zoning: Residential 4

Security (alarm, electric fence, CCTV): recorded as not applicable in the source schedule

Property potential: lease renewal upside

Area Description

Kenilworth is an established residential suburb in Johannesburg South, within the City of Johannesburg Metropolitan Municipality, bordered by Rosettenville to the north, Turffontein and Forest Hill to the west and The Hill to the east. It is a mature, higher-density area on the old mining belt south of the city centre, with the Main Street corridor running through it as the local retail spine. Convenience and grocery shopping is close at hand, with the Plus Kenilworth supermarket about six hundred metres from the property and the SUPERSPAR and adjoining retail on Main Street a little over a kilometre away. Kenilworth Junior Secondary School is roughly three hundred metres away and Forest High School in Forest Hill about seven hundred and fifty metres, which supports the family tenant profile the area draws. South Rand Hospital in The Hill lies about one and a quarter kilometres east, with Netcare Mulbarton Hospital some five kilometres south. Turffontein Racecourse is roughly one and a half kilometres north-west and Gold Reef City about four kilometres west. The Johannesburg CBD is approximately five and a half kilometres north, reached via the M2 and the southern arterials.

Area Amenities

Kenilworth Junior Secondary School, Kennedy Street – 0.3 km

Plus Kenilworth supermarket, Main Street – 0.6 km

Forest High School, Forest Hill – 0.8 km

SUPERSPAR The Market Kenilworth, Main Street – 1.1 km

Clearouts retail, Main Street, Kenilworth – 1.1 km