This fully let block of four flats is well located in Rosettenville, Johannesburg.
This Full Title block is comprised of Four 2 Bed Units which are currently collecting R 16,700 per month. Two of the units are paying R3,600p/m which can easily be increased to R5,500p/m in order to increase the bottom line.
The units are large and unsectionalized. Single tenant per unit.
Utilities are paid by the tenants.
Currently, billing and management are handled by TUPA PROPERTY MANAGEMENT.
The property is zoned residential 4 with a stand size of approximately 584 sqm
A deal is feasible at a market-related yield for the area. We are looking for a serious buyer with Deposit.
This opportunity packs a punch of potential at the correct entry point!
Don't miss out on this AUCTION Investment Opportunity!
Property Address: 10 Toby Avenue, Rosettenville
Type: OFF-SITE, ONLINE & TELEPHONIC
Auction Venue: Firzt Realty Company, 44 Glenhove Road, Melrose Estate, Johannesburg.
Date: Tuesday, 5th December 2023
Time: 12:30 pm
Registrations open 1hr prior to the start of the Auction.
Special viewings upon request.
For Online or Telephonic Registrations, Auction Rules, and T's & C's, please see our Auctions drop down tab on our website.
Property Information & Features
- Property Type
- Apartment Block
- Listing Type
- For Sale
- Rosettenville, Johannesburg
- POA · Get Pre-Qualified
- Erf Size
- 584 m²