Tenanted Block Of 12 Large Apartments – Great Investment

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 29 October 2025 @ 09:00

Bidding End Time: Thursday 30 October 2025 @ 14:30

Registration is essential by Monday 27 October 2025.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

Large property offering 3 blocks of 4 exclusive apartments each.

Face brick and solid built – they are spacious 110m² apartments with each apartment offering:

• 2 Large bedrooms with built-in cupboards
• Open plan lounge and dining
• Fully fitted kitchen
• Large bathroom with shower
• Full-time night patrolling security guard
• Caretaker at the property to ensure it is spotless at all times
• Very neat and well maintained block
• Must be seen to be appreciated
• Ample secured parking available
• Municipal valuation as at 2023 - was ±R7.33 million
• Rental income of ±R70,950 per month or ±R841,400 per annum
• Great returns 14% gross yield

Pre-Auction offers excl. Claremart’ s fee will be considered.

DETAILS:

• Erf no:  10911, Lenasia South Ext 4
• Erf size:  1 632m²
• Rates:  ±R5,591.63 per month
• Zoning:  Residential 3

Web Ref:  756686

Transfer Duty Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | sanjeev@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za