AuctionInc - Property Auctions - Whatsapp Icon

Sign up for our newsletter

Be the first to know about upcoming Auctions.

Please complete required fields.
Please enter a valid email address.
AuctionInc - News Letter Close Icon

Time to next auction

0
:
0
:
0
:
0

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


Share this property

ENQUIRE NOW

Fill in your details below and we'll be in touch

Please complete the form field.
Input is not a valid email address!
Input is not a valid contact number

Sign up for our newsletter

Be the first to know about upcoming Auctions.

Please complete required fields.
Please enter a valid email address.

Copyright 2025 AuctionInc