Three blocks of flats near Johannesburg CBD on offer
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.