Apartment Block for sale in Gresswold, Johannesburg, 3018 m²
Gresswold, Johannesburg, Gauteng
R11,500,000
Ref:1610173
2Bath
3018m²
Type: Apartment Block
Description
A rare opportunity to acquire a solid, income‑producing residential block in the heart of Gresswold, one of Johannesburg’s most central and well‑connected suburbs. This property offers a strong rental mix, excellent accessibility, and long‑term growth potential — ideal for seasoned investors and portfolio builders. This complex consists of two twin 3‑storey buildings, connected by a single‑level corridor that houses store rooms and staff accommodation behind the passageway. The layout is efficient, secure, and designed for easy management.
Unit Breakdown 7 × 3‑bedroom units @ R7400. 16 × 2‑bedroom units @ R6500 1 x 1‑bedroom unit @ R5000 Total: 24 residential units
The mix provides a balanced rental profile, appealing to families, young professionals, and long‑term tenants. Perfectly positioned for high tenant demand: - On bus routes - Minutes from Balfour Park Mall - Quick access to key Johannesburg freeways - Close to schools, workplaces, and public transport
This central location ensures consistent occupancy and strong rental returns. - Stable rental area with ongoing demand - Solid brick construction and practical layout - Additional storage and staff rooms for operational efficiency - Ideal for investors seeking multi‑unit residential income - Potential for upgrades to increase yield
This block is perfect for: - Property investors expanding their residential portfolio - Developers seeking a well‑located building with value‑add potential - Funds or groups looking for stable, long‑term rental income