Property
Description
Property Description
Fully-let double-storey block of flats conveniently located along the main road of Malvern. The property consists of 9 apartments with a unit breakdown of 7 x 2 bedrooms, 1 x 1 bedroom and 1 x bachelor unit. Pre-paid electricity. Water is metered & recoverable This asset currently generates a gross annual income of R459 000. Weston Court is zoned Business 1, making it a versatile investment opportunity.
Features
Double-storey apartment block
Income-generating property with a great yield
Gross Annual Income of R459 000.00
Stand size: 495m²
GBA: ± 500m²
Pre-paid electricity, metered water
Palisade fencing + gate for security
Total of 9 units
Located on busy main road: high demand area
Area Description
Malvern is a vibrant and historic suburb located in the eastern part of Johannesburg. It’s an area that offers a mix of residential and commercial areas, creating a dynamic and diverse community. The suburb is conveniently situated near major routes like Jules Street and the M2 highway, providing excellent connectivity to Johannesburg’s central business district and surrounding areas. Its affordability and proximity to key urban centres make it an attractive choice for families, young professionals, as well as retirees. Ongoing urban development and regeneration efforts continue to enhance its appeal as a residential and commercial hub within Johannesburg.
Area Amenities
Malvern Clinic 0.35km
SAPS Cleveland 0.47km
Malvern Plaza Shopping Centre 0.12km
Malvern Primary School 0.14km
PROPERTY TYPE:
Commercial
PROPERTY ADDRESS:
Weston Court , 497 Jules Street , Malvern - Property Ref: f108386, 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
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