Fully tenanted block of flats in Gresswold Johannesburg

R11,500,000

Gresswold, Johannesburg, Gauteng

Apartment Block for sale in Gresswold, Johannesburg, 3018 m²

Gresswold, Johannesburg, Gauteng

R11,500,000

Ref:1610173
2Bath
3018
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

Location

Gresswold, Johannesburg, Gauteng

Data

Object TypeApartment Block
Purchase PriceR11,500,000
Living Space3018 m²
Plot Size3018 m²
Bathrooms2
Construction YearN/A
ConditionNot specified
RoomsN/A

Financial Information

RatesN/A
LevyN/A
Special LevyN/A

Contact Agent