R34,900,000
R34,900,000
Monthly Bond Repayment R366,190.35
Calculated over 20 years at 11.25% with no deposit.
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Heritage Treasure for Sale: Fully Let Apartment Block with Exceptional Potential (31 units)
Discover an unparalleled investment opportunity in the heart of Auckland Park. Situated next to the historic Johannesburg Country Club, this stunning heritage site comprises an entire apartment block with 31 fully let apartments and an adjacent residential property included in the sale.
This remarkable property not only boasts immediate rental income but also offers incredible flexibility for redevelopment or sectional title sales, thanks to its existing subdivision.
Key Features:
• Prime Location: Adjacent to the original Johannesburg Country Club, offering prestige and excellent accessibility.
• Income-Generating Asset:
o 31 Fully Let Apartments averaging 92m² each.
o Rental Income Per Unit: Between R7,500 – R9,000 per month.
• Redevelopment Potential: Ideal for transformation into boutique retirement accommodation or other high-value uses, with opportunities to integrate services and facilities linked to the Johannesburg Country Club.
• Subdivision Ready: Each apartment is already subdivided, allowing for individual unit sales for additional profitability.
• Adjacent Residential Property Included: Expands the scope for creative development.
This is a rare chance to acquire a prestigious, income-generating property with immense potential to adapt to future demands. Whether you choose to continue its current use or embark on a visionary redevelopment project, this heritage site is poised to deliver exceptional returns.
Contact us today to explore this extraordinary offering and secure a piece of Johannesburg's history with boundless potential.
Features
Interior
Bedrooms
3
Bathrooms
2
Reception Rooms
1
Studies
1
Exterior
Garages
10
Carports / Parkings
20
Security
Yes
Domestic Accommodation
1
Views
Yes
Extras
31 Apartments, • Includes adjacent residential property, • Heritage Site, • Adjacent to Johannesburg Country Club, • Centrally located, • Housed in fully audited companyAuckland Park, Johannesburg
Johannesburg is probably South Africa’s most vibrant metropolis; it serves as the capital to the wealthiest province in the country, Gauteng. It is also fondly referred to as “Egoli” or “Jozi”. As well as being the economic hub of the country, it also boasts a wide variety of Johannesburg real estate investment opportunities. From the bright lights and the skyscrapers of the...
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.