R14,700,000
R14,700,000
Chantel Filander
Well-Maintained Three-Storey Income Generating Block of Flats for Sale in Benoni.
This newly renovated and exceptionally well-maintained block of flats presents a solid investment opportunity, ideally located in an low income area, within the Benoni CBD in a predominantly commercial and mixed-use area rather than a residential neighbourhood.
The property consists of three storeys and offers a total of 41 bachelor units, complemented by two street-facing retail shops on the ground floor, providing multiple income streams.
Property Breakdown:
Ground Floor:
-8 bachelor units
-2 retail shops (±80m² each) with large street-front windows, kitchenette, and toilet.
Rent p/m R 7500 & R 6500
First Floor:
-16 bachelor units.
Second Floor:
-16 bachelor units.
Unit Sizes:
- ±18m² units renting at R2,700 per month(30 units).
- ±19m² units renting at R3,000 per month(10)
Key Features:
-Newly renovated with screet flooring throughout.
-All roofs, walkways etc newly waterproofing completed.
Excellent security including:
-CCTV camera system.
-Biometrics with facial recognition access.
-Battery backup for security systems (±12 hours).
-Dedicated computer/control room for camera monitoring.
Water Supply:
-Municipality water with 15000-litre backup water tanks with pressure pump.
-Bulk municipal water metered per building, split between tenants.
-Each unit has its own prepaid electricity meter.
-No pets and no children permitted.
Street-front parking only, supported by comprehensive camera coverage.
Laundry rooms available on each floor.
Basement area with sump.
Caretaker’s room located on the rooftop(unit 41), including:
-Additional wash lines.
-Small workshop area.
Overall Condition:
The building is extremely neat, well managed, and carefully maintained, making it a low-maintenance investment with consistent rental income.
This property is ideal for investors seeking a secure, renovated, and income-producing residential and retail asset in Benoni’s affordable rental market.
36 units have a lease agreement in place.
4 are vacant.
Rates: Approximately R 3000
Electricity Approximately R 14000.00, Rebate on prepaid meter purchases R 15 000.00
Caretaker’s salary R 7565.00 plus accommodation and utilities.
Water R 3000.00
The property consists of three storeys and offers a total of 41 bachelor units, complemented by two street-facing retail shops on the ground floor, providing multiple income streams.
Property Breakdown:
Ground Floor:
-8 bachelor units
-2 retail shops (±80m² each) with large street-front windows, kitchenette, and toilet.
Rent p/m R 7500 & R 6500
First Floor:
-16 bachelor units.
Second Floor:
-16 bachelor units.
Unit Sizes:
- ±18m² units renting at R2,700 per month(30 units).
- ±19m² units renting at R3,000 per month(10)
Key Features:
-Newly renovated with screet flooring throughout.
-All roofs, walkways etc newly waterproofing completed.
Excellent security including:
-CCTV camera system.
-Biometrics with facial recognition access.
-Battery backup for security systems (±12 hours).
-Dedicated computer/control room for camera monitoring.
Water Supply:
-Municipality water with 15000-litre backup water tanks with pressure pump.
-Bulk municipal water metered per building, split between tenants.
-Each unit has its own prepaid electricity meter.
-No pets and no children permitted.
Street-front parking only, supported by comprehensive camera coverage.
Laundry rooms available on each floor.
Basement area with sump.
Caretaker’s room located on the rooftop(unit 41), including:
-Additional wash lines.
-Small workshop area.
Overall Condition:
The building is extremely neat, well managed, and carefully maintained, making it a low-maintenance investment with consistent rental income.
This property is ideal for investors seeking a secure, renovated, and income-producing residential and retail asset in Benoni’s affordable rental market.
36 units have a lease agreement in place.
4 are vacant.
Rates: Approximately R 3000
Electricity Approximately R 14000.00, Rebate on prepaid meter purchases R 15 000.00
Caretaker’s salary R 7565.00 plus accommodation and utilities.
Water R 3000.00
Monthly Rates
R3,000
Features
Zoning
Interior
Sizes
Additional Amenities
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Century 21 South Africa website is accurate and up to date, Century 21 South Africa 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.
