Sunday Times

Three blocks of flats near Johannesbu­rg CBD on offer

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It is not very often that one gets the opportunit­y to purchase three pristine blocks of flats, especially in close proximity to the Johannesbu­rg CBD. However, WH Auctioneer­s Properties will be giving investors that exact opportunit­y. Cherbourg (Bertrams), Clarence Court (Troyeville) and Redmar Court (Bellevue East) will be going under the hammer on Tuesday October 24.

The properties form part of a corporate portfolio disposal and together consist of 99 flats split among bachelors, one-bedroom and two-bedroom flats.

Cherbourg is located in Bertrams and is a three-storey residentia­l building. It consists of 21 flats as well as 16 parking bays. The portfolio is broken up into three bachelor flats, seven one-bedroom flats and 11 two-bedroom flats. There are also eight rooms on the roof of the building.

Clarence Court is located in Troyeville and is a three-storey residentia­l building. It consists of 46 flats as well as 46 parking bays. Units are broken into 13 bachelor flats, 29 one-bedroom flats and four twobedroom flats.

Redmar Court is located in Bellevue East and is a three-storey residentia­l building. It consists of 32 flats as well as 29 parking bays. Units are broken into 31 one-bedroom flats and one bachelor flat.

The buildings have been well maintained over the years and have had very low vacancies.

They are all finished with parquet flooring, ceramic tiles, fitted kitchens complete with stoves and granite tops as well as prepaid electricit­y meters.

“These types of buildings have always fitted into our business focus,” says Daniel Pelkowitz, executive at WH.

“We have a passion for large residentia­l blocks of flats and have managed over 2 000 residentia­l units in the Johannesbu­rg CBD.

“There is ongoing demand for well-located, well-maintained blocks of flats close to the Johannesbu­rg CBD, and with the right management approach, the returns can be exponentia­l”.

The properties will all be sold on Tuesday October 24 at the following addresses and times:

Redmar Court – 137 Becker Street, Bellevue East, at 10.30am;

Cherbourg – 44 Terrace Road, Bertrams, at 12.00; and

Clarence Court – 15 Clarence Street, Troyeville, at 1.30pm.

For further informatio­n on these properties and our other upcoming auctions, please visit www.whauctions.com or call Daniel on 072 360 7510.

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